email_body: I listed in on this afternoon's IEP call re: SCE's MOU.
  According to Smutney-Jones (who was more than average mad), SCE has reneged on the "pay 10% up front" portion of the deal they struck with SCE.
  According to IEP, SCE says that the banks, who are spooked by TURN's success in getting a 14-day temporary suspension of the CPUC-SCE settlement, is not interested in allowing SCE to pay any creditors like QFs preferentially.
  SCE said the 5.37 c/kWh commitment is still there, however.
  IEP's was also unsuccessful in getting the effective date of 5.37 c/kWh changed in return for the loss of the 10% up front.
  CCC/Jerry Bloom, who represents gas-fired QFs is seperately negotiating with SCE and may be willing to give up 10% in return for commiting to 5.37c/kwh outside of the CPUC.
  (They are concerned with CPUC overturning the IEP-SCE "deal.")
  Several parties on the call, including CalEnergy, indicated they may sue SCE outside the CPUC over reneging on this deal.
  Alan Comnes
  
subject_line: SCE-QF Update
  