PG&E want to fight the TURN accounting as it, basically, wiped out hopes of collecting their undercollected amount from a regulatory accounting perspective.   The company has said they need to keep the old accounting convention alive, as it would bolster their chance for recovery in the litigation on the just and reasonable argument in Federal District Court.



 -----Original Message-----
From: 	Frank, Robert  
Sent:	Thursday, May 24, 2001 9:50 AM
To:	Tribolet, Michael; Sanders, Richard
Subject:	PG&E Action before Bankruptcy Court

Can either of you help me get Jim an answer?
---------------------- Forwarded by Robert Frank/NA/Enron on 05/24/2001 09:49 AM ---------------------------

 
James D Steffes
05/24/2001 09:20 AM
To:	Robert Frank/NA/Enron@Enron
cc:	 

Subject:	PG&E Action before Bankruptcy Court

Bob --

Monday, May 14 PG&E asked the Court to stay the PUC's March 27 Order on accounting procedures.  Where is this going?  This would be very bad.

Jim




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