california update 6 21 01 executive summary dwr contracts negotiated california legislature comment plan b long term contracts sources report state lawyers currently examining break recently negotiated long term power contracts assemblyman fred keeley directed staff go look loopholes sources also believe state looking ways hold generators contracts want keep break contracts want break sources gathered following information plan b private interviews california legislatures sen john burton assembly speaker robert hertzberg speaker robert hertzberg speaker hertzberg spent time lately budget continues make efforts related plan b hertzberg aware unlikely succeed putting plan legislature particularly senate believes possible put plan b assembly hertzberg personally committed least attempting put plan b legislature close business wants see socal saved wants win belt leaves senate next year take win whatever next davis laid burden bailing socal hertzberg hertzberg determined put piece legislation floor however time know happen know share dedicated rate component businesses ratepayers remains key sticking point asked plan b chances passing senate hertzberg responded miracles happen hertzberg defended idea setting aside trust part plan b generators litigate stated bankruptcy attorney believes work despite goode governor attorney said sen john burton burton aware hertzberg trying put together plan b legislation asked hertzberg efforts burton stated senate plan b republican votes minimum 6 democrats vote burton said plan b bailout pass senate would three elements businesses would pay entire dedicated rate component edison parent company would give state 1 b creditors would take 30 haircut burton wants senator bowen hold hearings plan b run least 3 days long caucus point senate either hold vote whatever comes assembly add amendments stating three provisions burton wants senators know exactly voting burton stated would bet plan b passing gon na happen stated burton believes bailout deal would bad democratic party