Thanks.

-----Original Message-----
From: MDay [mailto:MDay@GMSSR.com]
Sent: Tuesday, September 25, 2001 4:37 PM
To: Dasovich, Jeff; MDay; Smith, Mike; Wu, Andrew; Mara, Susan;
Higgason, Kelly
Subject: RE: Risks


You might add the following:

Utility Processing Risk  -  will the utilities try to reject contracts that
are pre-Sept 20 but which are DASR'd afterwards for one reason or another,
or will the utilities try to impose other restrictive requirements to limit
the number of post July 1 contracts they must switch to DA?

Confidentiality Issues _ As part of their policing responsibility on this
issue, the utilities will likely try to insist on seeing all post July 1 DA
contracts, including sensitive provisions, and we will have to resist giving
sensitive commercial information.

Mike Day


-----Original Message-----
From: Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent: Tuesday, September 25, 2001 2:07 PM
To: mday@gmssr.com; Smith, Mike; Wu, Andrew; Mara, Susan; Higgason,
Kelly
Subject: Risks


Before providing more elaborate descriptions, wanted to try to get a
complete--but stripped-down--list of the key risk areas.  Please add
anything I may have missed, send it back, and I'll take a shot at
fleshing it out.

Thanks,
Jeff
>  
> *	Retroactivity (July 1)
> *	No contract renewal
> *	No incremental "DASR'ing", i.e., adding/subtracting load on the
> margin (fast food chains, for example)
> *	Cost allocation risk (e.g., IOU undercollection, bonds, DWR
> undercollection gets distributed to DA customers)
> 
> 
> 


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