Friday ReCap ,
 Folks:  Let me know if this captures the results of the conversation on 
Friday.

Best,
Jeff
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Basics of Proposal
Something akin to the MOU (that adequately addresses the solvency issue, for 
the IOUs, the State and QFs), but WITHOUT the transmission component
Direct Access for ALL customers, transitioning to a core/noncore market 
structure in 18-24 months (this can be accomplished without stranding CDWR's 
contracts)
Concessions
 -IOUs (MOU modifications)
 -Generators (past due amounts)
 -investigations
Package to finance the deal (bond issuance backed by rate increases to permit 
securitization)

Message
This is the last best chance to achieve a comprehensive settlement
We have developed a comprehensive solution and are meeting with everyone that 
will see us.
We have thus far received positive feedback on and a willingness to work with 
our proposal
We intend to work tirelelessly to gain support for a total solution---it's 
vital, and time's running out

Media Strategy---Karen Denne

Corporate leader strategy---Karen Denne

Meetings with legislators in Sacramento---Sandi McCubbin

WPTF, IEP, ARM---Sue Mara

Large customers---Jeff Dasovich
skean@enron.com, richard.shapiro@enron.com, james.steffes@enron.com, 