Jeanne,
I am included my modifications to your brief.

I have rearranged the topics somewhat because I think our most important 
point in to stress the importance of using market based prices -- and, 
failing the acceptance of our proposal -- to stress that on-peak pricing not 
be unduly or arbitrarily high.

My comments have been restricted to this section on market based pricing.  I 
have also tried to answer the questions you had in [ ...].

Please consider my comments to be from Scott and me since we are working 
together on this brief.  I have other suggestions but wanted to get these to 
you first.


Thanks,
/TJ





JBennett <JBennett@GMSSR.com> on 04/23/2001 11:14:00 AM
To: "Harry Kingerski (E-mail)" <Harry.Kingerski@enron.com>, 
James.D.Steffes@enron.com, Jeff.Dasovich@enron.com, jlewis@enron.com, 
Leslie.Lawner@enron.com, Robert.Neustaedter@enron.com, sstoness@enron.com, 
Susan.J.Mara@enron.com, tjohnso8@enron.com, Paul.Kaufman@enron.com
cc:  
Subject: Brief on Rate Design


Attached is the initial draft of the brief on rate design. As of now it is
still due on Friday the 27th (although the ALJ indicated Friday afternoon
that there may be some slippage until Monday).

Keeping with a discussion that Leslie, Harry and I had on Friday, I have
kept the  brief short -- focusing solely on our proposal. As Leslie said in
her e-mail about Friday's hearing, there is alot of animosity towards Enron.
The ALJ is clearly no on our side.  Weighing in on issues where others are
carrying the ball (direct access, reallocation of 130% of baseline exemption
revenues) is unnecessary and may hurt instead of help our cause.

Any way, take a look at the brief, and we can perhaps have a call on
Wednesday to discuss.

 <<X23764.DOC>>

 - X23764.DOC