california update 07 22 01 summary activities since friday overall 50 50 better legislature finish budget recess august 20 th without passed form edison mou better view chances getting mou agreed passed houses cob monday senate edison mou previously reported friday sb 78 senate version edison mou passed full senate sent full senate bill sticks 100 suppliers debts edison shareholders pays qfs creditors authors believe suppliers force edison bankruptcy claims px edison view means suppliers reach edison lawyers need assess whether tactic strong legal perspective bill creates option buy transmission system rejects goernor mou buys outright though uncertainty bill appears end direct access information indicates assembly support pass sb 78 current form enron marjority market participants opposes 78 dunn investigation dunn released report regarding contempt charges enron saturday report recommends senate fine us beginning 1 000 first day doubling everyday thereafter enron complies dunn announced saturday would attempt bring report full senate vote saturday response lobbyist sacramento spoke leader republican party senate ross johnson persuaded johson negotiate date vote burton dunn successful johnson went burton got dunn agree vote report senate returned recess august 20 th senate returns early could vote prior 20 th likelihood happening appears low time budget senate passed budget 1 sunday morning senate adjourned recess vote expected return august 20 th leaves assembly alone sacramento part regarding budget edison mou assembly short leadership within assembly extremely weak without much influence party democrats speaker viewed botched budget energy issue unable deal assembly recessed saturday night reconvened therefore taken votes needed finish budget assembly also passed version edison mou says intends best information right assembly plan go back session tuesday morning late saturday night assembly speaker released yet another version edison mou ab 82 xx appear time enough votes among assembly democrats pass enron together business customers opposes version 82 xx released saturday night adequately ensure direct access best jeff