I guess they have signed quite a few deals.

 -----Original Message-----
From:  Calger, Christopher F.  
Sent: Thursday, June 07, 2001 7:42 PM
To: Lavorato, John
Subject:  DWR Report Released today

John,

The news story relates to this report that DWR released today.  They held a 
press release.  They said that the state would honor all of the executed 
agreements, but any non-binding "agreements in principle" would be subject to 
renegotiation.  In general, they say they have executed about 6,000MW of long 
term agreements and about 5,000MW under "agreements in principle".  

DWR signed our Master Agreement.  We are holding off signing it because of 
litigation risk, per Tim and Legal.  

Chris