Write an email with the subject line "Comments on Dennis' Declaration in UC/CSU Lawsuit".
Mike: Here are my comments. Apologies for the fact that they are quick and dirty. All Enron's public statements that I have read, including, I think, statements made to financial analysts, state that our exposure in California is not "material." Dennis' declaration says that the situation in California has been a "financial disaster," that "Enron has lost over $300 million," and that "Enron stands to lose millions more." The losses are described as "huge." Perhaps this is information that has since been communicated to the market, but I'm not aware of it. And if it hasn't, it could represent a significant conflict with previous statements. Seems prudent to run this by IR and perhaps others before releasing. Regarding the statements about our hedging strategy. It would seem prudent to run this through the organization for comment and discussion prior to making public. Very minor technical point--I don't think that AB 1890 was passed