As you may know, the PUC suspended direct access yesterday but did not do so retroactively. With the 2001 legislative session now over with little resolved, our attention and advocacy will increasing go the PUC. See below. Justin California Takes Step to Reregulate Power By REUTERS AN FRANCISCO, Sept 20 (Reuters) ? State utility regulators revoked the right of Californians to choose their power provider today, tossing out the centerpiece of the state's failed effort to deregulate its electricity industry. The California Public Utilities Commission voted 3 to 2 to immediately suspend consumers' direct access to independent power retailers. The move makes it easier for the state to use revenue from retail power sales to finance a record $12.5 billion bond issue this year. The department was chosen in January to secure electricity for most of California's 34 million residents after soaring wholesale power prices drained the state's two biggest utilities of their cash and credit. "Direct access is one half of a failed and collapsed deregulation project," a commissioner, Carl Wood, said today. Mr. Wood said the other half of the problem was the law's retail rate cap, which blocked utilities from passing on the cost of power to customers, incorrectly assuming wholesale prices would fall. When energy supplies tightened and prices soared, the state's largest utility, Pacific Gas and Electric Company , a unit of PG&E Corporation , and Edison International 's Southern California Edison had to absorb $13 billion in unanticipated costs. Direct access was never a big hit. Despite an $80 million advertising and public relations campaign to educate Californians about deregulation and retail choice, most customers stayed with their local utilities. Big businesses and industrial customers, however, made deals with energy companies for cheap bulk power and wanted them to continue. The utility commission estimated that 5 percent of the state's peak electricity demand of 46,000 megawatts is in direct access contracts. About 10,000 businesses that signed new deals this summer, when wholesale power prices dropped, will be able to keep their contracts.
Q: What is a potential subject line for this email?
answer: FYI - Article on PUC taking away direct access.
Michelle, have you had chance to review the attached. I sent the attached spreadsheet last week. Should you require any additional information, please do not hesitate to contact me directly. Thanks, Cole.
Answer: Q&As
Here is an email: Fred, As we discussed, we need the physical addresses where the equipment in TurboPark is being stored. As I understand it the equipment is in at least a couple of places, and we haven't advised the banks of that fact. Thanks,
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A: Location of turbines
Q: Now that I'm no longer involved in the current problems, I'm free to look at problems in the current aggregator/position manager. So, could you point me to a desk and set uf curves that're messed up in production? Mike Swaim Michael.Swaim@enron.com Disclaimer: Yeah, like I speak for Enron.
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A: Messed Up curves
IN: Depression is merely anger without enthusiasm Eagles may soar, but weasels don't get sucked into jet engines I'm terribly concerned about my memory, but for the life of me I can't remember why The early bird may get the worm, but the second mouse gets the cheese I almost had a psychic girlfriend but she left me before we met I intend to live forever - so far, so good If Barbie is so popular, why do you have to buy her friends? Quantum Mechanics: The dreams stuff is made of Televangelists: The professional wrestlers of religion When everything's coming your way, you're in the wrong lane Shin: a device for finding furniture in the dark Ambition is a poor excuse for not having enough sense to be lazy Beauty is in the eye of the beer holder We all have a photographic memory. Some of us have just run out of film OK, so what's the speed of dark? Black holes are where God divided by zero

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OUT: One-liners
IN: This is an email
Enron announced today that its common stock will now be traded as an Over-the-Counter (OTC) equity security under the symbol "ENRNQ." This follows a decision by the New York Stock Exchange (NYSE) to file an application to delist Enron's common stock, which means that Enron's common stock and related securities are suspended from trading on the NYSE. Enron is considering whether to appeal the NYSE's decision. The NYSE has standard criteria for listing stocks, which can be found on their website at www.nyse.com. Enron recently fell below the following listing criteria: average closing price of a security less than $1.00 over a consecutive 30 trading-day period. Quotation service for Enron's stock will now be provided by the National Quotation Bureau, LLC "Pink Sheets." The NYSE's delisting of our stock will not have an impact on Enron's business, and we will continue to trade in the OTC market. Please let me know if you have any changes. Thank you.

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OUT:
draft employee memo