It's unfortunate that the state's largest utility was forced to turn to the 
courts for a resolution.  Solutions to the state's energy crisis have been 
available for months that would have avoided this scenario, but Gov. Davis 
and the Legislature lacked the bold leadership to take swift, decisive 
action. 

Enron's exposure to PG&E will not have any material effect on earnings or on 
our financial condition.

If pressed:  Any further comment would be speculative, as we have not yet 
seen the filing.