You might add the following:

Utility Processing Risk  -  will the utilities try to reject contracts that
are pre-Sept 20 but which are DASR'd afterwards for one reason or another,
or will the utilities try to impose other restrictive requirements to limit
the number of post July 1 contracts they must switch to DA?

Confidentiality Issues _ As part of their policing responsibility on this
issue, the utilities will likely try to insist on seeing all post July 1 DA
contracts, including sensitive provisions, and we will have to resist giving
sensitive commercial information.

Mike Day


-----Original Message-----
From: Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent: Tuesday, September 25, 2001 2:07 PM
To: mday@gmssr.com; Smith, Mike; Wu, Andrew; Mara, Susan; Higgason,
Kelly
Subject: Risks


Before providing more elaborate descriptions, wanted to try to get a
complete--but stripped-down--list of the key risk areas.  Please add
anything I may have missed, send it back, and I'll take a shot at
fleshing it out.

Thanks,
Jeff
>  
> *	Retroactivity (July 1)
> *	No contract renewal
> *	No incremental "DASR'ing", i.e., adding/subtracting load on the
> margin (fast food chains, for example)
> *	Cost allocation risk (e.g., IOU undercollection, bonds, DWR
> undercollection gets distributed to DA customers)
> 
> 
> 


**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you. 
**********************************************************************