Hi Leslie:

The proposal that ENA submitted to Peevey/Freeman includes a proposal to 
reduce demand by 400 MWs if the state implements financial incentives for 
such reductions (i.e., if the state is willing to pay, say, 7 cents/kwh to 
"produce," it ought to willing to pay 7 cents to "reduce.")  That proposal 
was distributed to the usual, company wide email distribution list last week 
when it was submitted.  We can discuss further on the phone call this morning.

Best,
Jeff



	Leslie Lawner
	02/13/2001 06:53 PM
		 
		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D 
Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron
		 cc: 
		 Subject: Ken Lay promise

Apparently there are rumors that Ken Lay promised to make some kind of 
investment in California when he was talking to folks in the state ($300 
million in DSM?)  Do any of you know what this commitment might be?  Sandy 
needs to be filled in on this.  Let me know as soon as you can.