IN: Pop's just called me. He's done with his testing and he's going nuts staying in the Hotel. He is going home now, and will drive back tomorrow for the test results.

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OUT: Pop's update

IN: Dear Jeff, Had a send a note to tell you I'm thinking of you and hope you're well. Heard the news at work late yesterday (Wednesday). I don't know the details of this but it was a tough call, I'm sure, and I'm in your corner all the way. As I've told you, you have made all of us so proud and I love you very much. I know I'll learn more about all that's transpired but wanted you to know I'm thinking of you. This has undoubtedly been a period of much thought, soul searching and reflection. I'm going to get you up to Alaska, yet. Tried to interest Jeffrey during our January meeting. The region is just gorgeous! A Chicago Federal Appeals Court judge, of all people---a gentleman by the name of Frank

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OUT: THINKING OF YOU..HOPE YOU'RE WELL

IN: The Commission just voted out one half of the "Bilas Alternate." The decision that got voted out included Bilas' DWR-based language stating that the PUC 1) would not second-guess DWR purchases and 2) would pass through DWR costs to customers. However, in a move led by Commissioner Carl Wood, the decision removed the Bilas language on Direct Access. The decision therefore did NOT include the Bilas language staying any Commission action on implementing the Direct Access prohibition. Carl Wood called including Direct Access "the height of arrogance." The decision was voted out 3-2, with the 2 remaining Republicans dissenting. That said, the Commission has no proposal before it implementing the prohibition, and there was no talk at the meeting of implementing the prohibition any time soon. Best,

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OUT: PUC Approves DWR Language in Decision; Removes Language Staying Commission Action on Direct Access

IN: FYI, still under discussions between Enron and Light. This deal is similar to the Duke Call Options we closed last month. I'd rather do it under a Master Agreement and will check with the business guys if we can do so. Rgds, Sami

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OUT:
Light Call Option of 50MW