FYI.

-----Original Message-----
From: MDay [mailto:MDay@GMSSR.com]
Sent: Wednesday, October 17, 2001 4:43 PM
To: Dasovich, Jeff
Subject: RE: SCE Negative CTC Claim


yes, they already told Dan Douglas they would sign a stipulation that
replaced the MOU wit the Edison-CPUC settlement.  That is more than doable.
Dan is drafting the new stipulation now.  The stipulation commits SCE to pay
once the conditions precedent are met:  1. implementation of the settlement,
and 2. approval of the advice letter on prospective calculation of the
generation credit.  Our only current beef with that is that they exclude the
DWR charges.  Mike

-----Original Message-----
From: Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent: Wednesday, October 17, 2001 1:41 PM
To: mday@gmssr.com
Subject: FW: SCE Negative CTC Claim


Any reason in particular that you're of this view?  (I'm hoping you'll
say that Edison's informed you that it might be doable.)

>  -----Original Message-----
> From: 	Williams, Robert C.  
> Sent:	Wednesday, October 17, 2001 3:31 PM
> To:	Dasovich, Jeff; 'mday@gmssr.com'; Mara, Susan;
> 'jbennett@gmssr.com'; Steffes, James D.
> Cc:	Sharp, Vicki; Sanders, Richard B.
> Subject:	SCE Negative CTC Claim
> 
> Mike Day believes that SCE might agree to a new Stipulation in which
> they commit to pay our claim if their new deal and their pending
> Advice Letter are approved by the CPUC.  I have scheduled a call for
> tomorrow at 12:30 CST to discuss the terms we would like to see in the
> Stipulation (e.g., drop approval of the Advice Letter as a condition,
> payment within 10 days after CPUC approval, agreement on the number
> set forth in our response to their Data Request, agreement to apply
> accrued negative CTC credits to current T&D charges, to name a few).
> On the other hand a delay in this proceeding is probably in our
> interest, in view of the SCE Counterclaim.  Going this route would
> probably be in lieu of some of the other alternatives we discussed, so
> I believe we will need to get senior management't approval to any
> agreement.


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