The 9th Circuit of the U.S. Ct. of Appeals granted EES' request to stay an injunction granted by the District Court in the UCS litigation, which would have required EES to continue to directly serve UCS. The stay allows EES to return the customer UCS to PG&E and SCE for utility service and thereby save the future accrual of an additional $144 million of negative CTC receivables. In approximately two months, the 9th Circuit will conduct a further review of the stay, at which point the litigation will return to the District Court for discovery and eventually trial.
Answer: University of California System Litigation
Folks: As you recall from out meeting on Tuesday, we decided that I'd pull together a brief description of our key priorities and the actions underway to achieve them. The status report will be updated weekly. We'll use the weekly update as an important internal communication tool to keep folks abreast of activities and developments in CA. It will also serve as a a tool to help identify the need to modify our priorities and/or actions in light of ever-changing circumstances. We were going to try to get the first report out this week, but with the meeting in Houston, Sue's doctor appt and Karen's meetings with Marathon, we'll get the first one out Monday. My notes suggest that (today's) key priorities---understanding that
Answer: First "Status Report" for California
We just had a call with Novak, Barquin (V&E) and Tozzini on options for next Monday such as economic equilibrium, arbitration, litigation etc. We will be putting all the results together for you by Friday Morning. In the mean time, it may be helpful for you to reflect on the following (particularly the table). This is really starting to bring it into focus for me. We will try to do the same for our options on Monday's decision.
Answer: Decision on Furnas Jan 22
Psalms 9:10 "Those who know your name will trust in you, for you, LORD, have never forsaken those who seek you. " Thank you, Lord, that Mr. Lay is one that knows your name. Help him, Lord, that even though things look absolutely awful, we look to you for you are our help. You are an ever present help in time of trouble. All that call upon the name of the Lord will be saved. We will not tell you how our salvation should look, we will just trust in the One that can save us. We trust in your gentle, loving kindness. Your heart that has good thoughts towards us that we may have an expected end. Lord, the end looks like disaster right now. Oh Lord, hear our cry for your name's sake. Deliver us and we will proclaim your goodness to all. Don't leave us to the hands of our enemies. Thank you, Lord, that we see that we CANNOT trust in money or earthly riches and forgive us that we have momentarily sinned but Yes, Lord, we see that we can ONLY trust in you. Great is your faithfulness!
Answer:
Psalms 9:10