IN: Dear Mr. Lay,  Greetings from Canada. I had forwarded a letter yesterday to enquire your interest in obtaining the services of Mr. Jack Welch (GE) to head up an independant committee to review the limited partnership liabilities for Enron. Please indicate if you are interested in this proposal. If not, what is your plan to address the confidence crisis in disclosure at this time? Sincerely, 

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OUT: Proposal for disclosure Committee


IN: Done without much fanfare, except by Commissoner Wood, who continued his vitriolic attack on DA and took on green choice as "fraudulent." The language in the order says no more DA contracts can be entered into after today. The order directs the utilities to police the DASRs to make sure that none are submitted for contracts signed after today. There is some strange language that talks about a possible future order to address the comments raised by the parties and putting parties "on notice" that, in this future order, they may suspend all direct access contracts signed on or after July 1, 2001. Our attorneys are reviewing this, but on first blush, our California attorney says the CPUC would have a difficult time implementing a later retroactive suspension of DA. 

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OUT: CPUC VOTES 3-2 TO SUSPEND DIRECT ACCESS AFTER SEPTEMBER 20


IN: Sara - there are outstanding issues in this table. I am trying to determine the following today: Does the Paribas loan cover initial and variation margin? My reading of the docs is that the loan does. The back office tells me that Paribas only funds initial margin under this loan. How much is EDF's loan for? The number has been reduced and I am not sure where it stands. Documentation for Fimat Customer Agreement. Sarah 

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OUT: Margin Lines draft


IN: Greetings: This was reported on the news this morning. I'll see if I can retrieve  anything off of our illustrious Governorn's web site. Any reports of it in  Washington D.C. Thanks. Best, 

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OUT:
Davis Asks FERC for Price Caps (Again)---Govs from Oregon and  Washington Sign On