Spreadsheet: richard_shapiro__32148__calif-kaufman-regulatory
Sheet: Regulatory

 | GOVT AFFAIRS REPORT - CALIFORNIA/WEST
 | March, 2001 |  | Questions - [NAME] (503) 464-7945
 | Support Type | Deal Name | Responsible  Persons | $ Impact (MM) | Key Issues | Updated | Strategies/Comments/Next Actions
 | [NAME] | California Crisis a the CPUC, PR Support. | [NAME], [NAME] and [NAME] |  | Too many to list.   Issues include re:DSR'g of SDG&E customers, ongoing CPUC proceedings re:  CDWR collection of costs, QF proceedings likely to proceed from failure of Senate [NAME], setting date for end of rate freeze--rate stailization proceedings, PG&E applicatino for gas emergency, guidelines for power purchase contracts, SDG&E applicaton for surcharge, various insundry complaints, etc. | 03.16.01 | Activity will continue along a variety of fronts for the next several months.
 |  | California legislation on crisis; special session. | [NAME] and [NAME] |  | Too  many to list.  Issues include end  end of rate freeze, siting, SDG&E rate freeze, demand buy-down, and other matters, CPUC regulation of reliability, etc. | 03.16.01 | Special session is ongoing and is likely to continue through at least April.
 |  | Nevada legislative effort re:  restructuring. | [NAME] |  | Basic issues before Nevada legislature are date for open access, divestiture of assets, regulation of utility on ongoing basis. | 03.16.01 | Nevada work relates to [NAME] and PGE.  Session ends first week of June.
 |  | RTO West. | [NAME] |  | Implementaiton issues remain. |  | Phase 2 efforts are expected to continue for next several months.
 | Deal Support | Sale of PGE | [NAME] |  | Issues remain SEC approval, potential new buyers, etc. | 03.16.01 | Effort is likely to continue through May (potential end-date to Sierra transaction); work on next buyer likey to continue through 2001.
 |  | [NAME] | [NAME] |  | ENA has made offer to toll and an offer for a power sale to Nevada Power.  [NAME] involves long-term conract approval and reformation of QF contract. | 03.16.01 | Effort is likely to continue until project is sold or tolling contract is executed with alternative buyers.
 |  | Longview Project | [NAME] |  | [NAME] legislature enact EFSC reform legislation? | 03.16.01 | [NAME] passed out of Washington Senate. Major battle looms in House.  Issue is linkage by Governor between renewable portfolio and EFSC reform.
 |  | UC/CSU litigation. | [NAME] |  | Supporting commercial and litigation team. | 3.16.01 | Litigation is at initial stage.   [NAME] prepared affidavit in support of efforts to defeat TRO.  Likely that [NAME]'s support will be necessary in ongoing litigation.  [NAME] and [NAME] will also be involved to extent legislative hearings (potentially scheduled for Tuesday of this week) or investigations are scheduled.
 |  | FERC cases | [NAME] and [NAME] |  | Number of issues:  PX Credit waiver, ISO effort to cut flows outside of California, January refund order and staff report, ISO governance. | 3.16.01 | This matter falls within a range of categories at this point at least one dozen proceedings are ongoing.  [NAME] and [NAME] share responsbilities and lead on several of these matters.  Work is also coordinated by [NAME] through WPTF and by [NAME] through EPSA.
 |  | General [NAME] support | [NAME] and [NAME] |  | Issues remain on congestion management and effort to regulate around FERC. | 3.19.01 | ISO work will continue for the duration.   Forum will likely shift to FERC as Governor [NAME]' board takes full control of the ISO.