text_combined: california update 9 06 2001 questions comments regarding report please contact g britt whitman ex 5 4014 kristin walsh ex 3 9510 executive summary assembly mou supporters mia vote stalled bailout hang ups land bonds referendum socal grabs mou support waning last night assemblyman hertzberg reportedly 25 votes favor bailout could count 10 votes close stood reasonable chance cast favor bailout however still left hertzberg 9 votes short 41 needs earlier today sen polanco bill sponsor privately indicated remaining votes necessary pass amended sb 78 xx place due lobbying efforts gov davis doubt count close hertzberg take bill assembly vote today tomorrow knows democrats muster enough support key issues related getting 41 votes pass sb 78 xx following including option buy transmission lines philosophical issue members quite adamant option buy lines needs removed sb 78 xx excess profits creditworthiness particular edison use profits philosophy underlying bill whether bailout necessary given experience pg language comes bill plan longer acceptable socal socal selling going word sacramento companies sniffing around pre packaged purchase edison bankruptcy occurs continue investigate possible buyers report information becomes available also rumored inadequate bill passes e one return socal creditworthiness socal may declare voluntary bankruptcy use whatever bailout passed revenue stream bankruptcy requirement laid upon socal attempt go back market january 2003 penalty failing appears nothing bailout bill would preclude using money bailout bankruptcy