As I told Bob in an earlier email, I noticed this same provision. However,
it could be implemented in one of two ways.  Either finding that SCE is not
liable for negative CTC credits after that date, or holding that it is
liable and providing for cost recovery.  Either is consistent with the
language in the MOU.  We will need to explore this more, and possibly talk
to SCE.  Mike Day

-----Original Message-----
From: Williams, Robert C. [mailto:Robert.C.Williams@ENRON.com]
Sent: Tuesday, April 10, 2001 1:45 PM
To: mday@gmssr.com
Subject: FW: SCE PX credits




>  -----Original Message-----
> From:  Kingerski, Harry
> Sent: Tuesday, April 10, 2001 3:44 PM
> To: Williams, Robert C.; Smith, Mike; Sharp, Vicki;
> JKlauber@llgm.com
> Cc: Dasovich, Jeff; Steffes, James; Stoness, Scott
> Subject: SCE PX credits
>
> Interesting bit from SCE's MOU (p. 31) -
>
> "the CPUC Implementing Decisions shall include
>
> Orders resolving the responsibility of SCE to provide credits to
> direct access customers in respect of electricity deliveries after
> December 31, 2000 in respects which do not result in any material
> financial detriment to SCE; "
>
> Translation:  I suppose this means SCE is looking for an order
> absolving it of any responsibility for PX credits after 12/31/00, but
> implicitly, that seems to suggest they accept responsibility for PX
> credits before 12/31/00.  Do you agree?