california update 9 07 2001 questions comments regarding report please contact g britt whitman ex 5 4014 kristin walsh ex 3 9510 executive summary mou passes assembly faces fight senate cpuc direct access delayed senator socal developments reported press morning bailout passed assembly late last night 41 32 vote head senate significant opposition expected along opposition changes made assembly regarding size businesses pay dedicated rate component bailout senator burton also expressed privately paying twice book value socal transmission assets senator places hold cpuc direct access vote regarding cpuc decision delay hearings rate order various bond implementation measures led treasurer angelides announce bond issue timed delay due bill senator burton passed assembly appropriations committee yesterday burton bill would take place current proposed rate agreement governor davis would require greater disclosure transparency dwr ratemaking well separate payment streams bonds payment streams power burton bill preserves puc authority would preserved rate order currently puc thus delay action pg e also supports burton bill likely pass assembly governor likely sign bill signed pg burton wants ensure businesses return purchasing power dwr time ctma opposed burton bill bailout direct access offered ctma wants members able escape buying power dwr therefore paying bonds permanently 2003