Dean Tyson: It was a pleasure to see you again today. Phil, it was a pleasure to meet y= ou=20 and I look forward to working together. Since time is of the essence, I=20 wanted to summarize where we left off at today=01,s meeting regarding Calif= ornia=01, s energy crisis. That summary is attached. I've also attached three=20 articles from the business section of today's Chronicle that arguably bolst= er=20 our arguments for adopting the approach that we discussed at today's meetin= g. Given the fact that the legislative process is moving rapidly, bankruptcy = is=20 a daily threat, and Dean Tyson will be attending the meetings in Davos, it= =20 appears that our window of opportunity is very small. It seems that succes= s=20 requires a meeting of the principals by the end of the week, if not sooner.= =20 The chances of success are obviously limited, but I think that we agreed th= at=20 all concerned have nothing to lose and everything to gain by taking a shot.= =20 Your offer to help in the effort obviously increases the likelihood of=20 success and is greatly appreciated. =20 My apologies in advance if I have mischaracterized any of the points made a= t=20 the meeting. It represents a =01&first cut,=018 it will undoubtedly change= as the=20 details get worked out, and I=01,m sure I=01,ve missed something. So pleas= e don=01,t=20 hesitate to edit the draft. Please keep in mind that I have not had a chance to discuss this proposal= =20 internally. As such, I can=01,t yet commit Enron to the specifics of the= =20 proposal. But I=01,m confident that the company can support something akin= to=20 this structure and can let you and Phil know first thing Monday. In addition, given the political environment in California, Enron has playe= d=20 a constructive role by providing low-key, behind the scenes advice and=20 analysis to policy makers. That approach seems preferable in this effort a= s=20 well.
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Summary of Proposed Short-term Solution for California's Energy Crisis