Richard:
 
Wanted to give you a heads up that there is a strong likelihood that CA will enact an RPS, requiring retail providers to include up to 10% of NEW renewable resources to customers.  The proposed RPS begins on 6/1/2003 and ramps up over the following 7 years.  By 2010, the requirement will be 10 percent.  Since EES is currently signing on customers in California, this might effect the length of contract you want to offer (i.e. limiting contracts to 3 to 5 years would mitigate your potential exposure). 
 
Please pass this along to Rogers et. al. so you guys can let the folks out in the field know.
 
Thanks.
Stacey Bolton
Environmental Strategies
Enron Corp
713-853-9916 direct 
713-303-2632 cell 
sbolton@enron.com <mailto:sbolton@enron.com>