california update 6 25 01 executive summary california budget resolved ferc ordered energy settlements stall mou plan b budget california legislators house established tentative reserve amount state depleted budget sides reportedly uneasy 2 74 b compromise sources indicate four republican votes needed pass budget assembly likely far obtainable one republican vote needed senate california current redistricting process may provide republicans future seats could translate immediate bargaining power energy budget matters adding frustration sources indicate consumer activist harvey rosenfield plans pressure state treasurer angelides battling legislators progress budget revenue bonds energy settlements today marked opening negotiations california state energy officials several large energy providers charged price gouging californians sources close california state sen burton report results thel 5 days negotiations ferc appointed administrative law judge curtis wagener significantly influence state efforts promoting plan b mou burton indicated ferc would need order 3 4 b generator refunds state would finalize socal bail amount socal would likely infused 1 b however without substantial contributions power providers sold california currently fall outside ferc jurisdiction e bc hydro la dwp 3 5 b refund would impossible achieve regardless legislators desires sources believe consistent pg e bankruptcy advisor view multibillion dollar refund ferc unlikely sources continue monitor report negotiations