----- Forwarded by Jeff Dasovich/NA/Enron on 03/21/2001 06:52 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/21/2001 03:03 PM
		 
		 To: Richard Shapiro/NA/Enron@Enron, Tom Briggs/NA/Enron@Enron
		 cc: 
		 Subject: California Concessions/Price Caps

Tom:  Apologies.  I'm wrapped up, but will try to come up with more.  Three 
things that come to mind:

1. Seems important that any price cap include a hard sunset date.
2. Direct Access for all customers in California should be a concession.
3. Dramatic commitment from California to substantially upgrade the in-state 
gas transportation network (fyi: it may  be in worse shape than the electric 
tx network--can build more plants, but if one can't get the gas to them.....)

Best,
Jeff