Yes, there is a provision for the creation of renewable energy credits, which can be traded.  I detailed that in the attachment.
 
Stacey Bolton
Environmental Strategies
Enron Corp
713-853-9916 direct 
713-303-2632 cell 
sbolton@enron.com <mailto:sbolton@enron.com>
 

-----Original Message-----
From: Dasovich, Jeff 
Sent: Tuesday, August 28, 2001 4:23 PM
To: Bolton, Stacey; Belden, Tim; Richter, Jeff; Mainzer, Elliot; Ring, Richard; Hammond, Pearce; Steffes, James D.; Mara, Susan; Keene, Patrick
Cc: Terraso, Michael; Keeler, Jeff; Schoen, Mary
Subject: RE: CA RPS proposal & potential impact


Also, unless something's changed, the obligation would be tradeable.

-----Original Message-----
From: Bolton, Stacey 
Sent: Tuesday, August 28, 2001 4:21 PM
To: Belden, Tim; Richter, Jeff; Mainzer, Elliot; Ring, Richard; Hammond, Pearce; Steffes, James D.; Dasovich, Jeff; Mara, Susan; Keene, Patrick
Cc: Terraso, Michael; Keeler, Jeff; Schoen, Mary
Subject: CA RPS proposal & potential impact


All -
Wanted to make you aware of a couple of bills before the CA legislature that would place a renewable purchase obligation on all retail sellers in California if enacted.  The attached document provides a comparative analysis of both bills (which are quite similar in language) and the resulting commercial implications.   One bill in particular has momentum in that is it attached to the SCE bailout.  Jeff Dasovich and Sue Mara have their finger on the "pulse" on the movement of these bills, so as far as status please contact them.  
 
Regards,
Stacey Bolton
Environmental Strategies
Enron Corp
713-853-9916 direct 
713-303-2632 cell 
sbolton@enron.com <mailto:sbolton@enron.com>