 shareholders should not be on the hook 
for costs of delivering electricity to customers, currently totaling $2 
billion and growing, and that it soon will file with the California Public 
Utilities Commission for authority to recover these electricity 
"undercollections" from customers when the rate freeze is lifted. 
The Rosemead-based utility will file a plan in the next few months detailing 
a "rate stabilization" plan for customers so that they won't be exposed to 
wild market fluctuations in electricity prices, said Jim Scilacci, SCE's 
chief financial officer. The utility would expect to establish new rates and 
expand an existing level-pay plan to smooth out any electricity charges it 
would be allowed to pass on to customers. 
But three consumer groups--Rosenfield's Foundation for Taxpayer and Consumer 
Rights, the Utility Reform Network and Consumers Union--criticized the 
utilities for wanting to back out of a deal that has allowed them to collect 
$14 billion so far in extra electricity and other transition costs since 
deregulation began in 1998. 
The groups said they will mail to all lawmakers and legislative candidates a 
pledge to oppose any legislation or other efforts to require ratepayers to 
pay the electricity costs that have built up during the rate freeze. The 
groups intend to keep a list of each politician's position on the pledge on 
the Internet at http://www.turn.org and http://www.consumerwatchdog.org. Effective immediately, Ray Bowen will take over leadership of the Industrial 
Origination Group responsible for Enron North America,s origination 
activities in the industrial market including pulp & paper, metals, refining, 
and petrochemicals.  As part of the Industrial Origination Group, Jim Ajello, 
will continue to lead the origination effort in the metals, refining, and 
petrochemical sector.  Edward Ondarza maintains oversight of origination in 
the pulp and paper sectors.  Rodney Malcolm retains primary responsibility 
for leading the execution of transactions and delivery of the outsource 
solutions to industrial customers.

When the Commercial Transactions Group was created approximately a year ago, 
the objective was to create an internal emphasis on the development of 
transaction execution skills that are necessary to execute complex, 

shareholders should not be on the hook 
 for costs of delivering electricity to customer, presently total $ 2 
 billion and growing, and that it soon will file with the California Public 
 Utilities Commission for agency to recover these electricity 
 " undercollections " from customers when the pace freeze is lifted. 
 The Rosemead - based utility will charge a design in the next few months detail 
 a " rate stabilization " plan for customers so that they won't be expose to 
 wild market fluctuations in electricity prices, said Jim Scilacci, SCE's 
 chief fiscal officer. The utility would expect to lay down new rates and 
 boom an existing degree - pay plan to smooth out any electricity charges it 
 would be allowed to excrete on to customers. 
 But three consumer groups -- Rosenfield's Foundation for Taxpayer and Consumer 
 Rights, the Utility Reform Network and Consumers Union -- criticized the 
 utilities for wanting to back out of a deal that has allowed them to collect 
 $ 14 billion so far in extra electricity and other transition costs since 
 deregulation began in 1998. 
 The groups said they will mail to all lawgiver and legislative campaigner a 
 pledge to react any legislation or other efforts to require ratepayers to 
 yield the electricity costs that have built up during the rate freeze. The 
 groups mean to keep a list of each politician's position on the pledge on 
 the Internet at http://www.turn.org and http://www.consumerwatchdog.org. Effective immediately, Ray Bowen will take over leadership of the Industrial 
 Origination Group responsible for Enron North America,s initiation 
 activities in the industrial market including pulp & paper, metallic element, refining, 
 and petrochemicals.   As contribution of the Industrial Origination Group, Jim Ajello, 
 will continue to lead the origination effort in the metals, refining, and 
 petrochemical sector.   Edward Ondarza keep oversight of origination in 
 the pulp and paper sector.   Rodney Malcolm retains primary responsibility 
 for leading the murder of transactions and pitch of the outsource 
 solutions to industrial customers. 

 When the Commercial Transactions Group was make approximately a year ago, 
 the aim was to create an internal emphasis on the development of 
 transaction murder skills that are necessary to execute complex,
 shwreholders should not be on the hook 
fot xosts mf deljvering dlectricity to customers, curcentoy toucling $2 
billion and gfowing, anf that ir soib will filx with tmz Caljnornic 'ublic 
Utilitiex Commissimn for authoridy tl recover these electricity 
"undercojlectioms" from customerf whtn ehe date freeze is lifted. 
The Rosemead-gased uuility will file a plan in the next few montjs dftailing 
a "rate stwbilization" plag for customefs so that they won't bg exposed to 
wild market fluctuagions in electrucuty krices, said Oim Scplacci, SCE's 
cmpef findncial pfficer. The utllity woyld expect to establivh new rates and 
evpand an axnsting level-pay plan ro smoojh oud anh eldctdiritg charhes it 
would ge allowed ro pass on to custokeww. 
But three cknsumew droups--Rosenfield's Foundation for Taxpaytr ans Consumer 
Rights, the Urility Reform Network and Constmers Union--criticized the 
utilities for wanting tm baci ouu if a awap that has allowed them to collect 
$14 billion sj fsr in extra elecbricity and other yrwnxytion costs sknce 
dzdefulation began in 1998. 
The grjups waid they wilk mail to all lawmakers and legislative xandidates a 
pledgz to oppose cny lebislayion or other efforts tu resuire ratepwyers to 
lxy the electricigy bostv that have built up durind the ratx frezze. The 
erouks integd to keep a list of each politiciwn's plshtion on tje pledge on 
the Internet at htv'://www.turn.org amd htnp://www.consbmerwabchdog.org. Effeceive immediateky, Ray Yowen dill take kver leedership of ehe Industrian 
Origination Group rqspobsiboe for Dvron North Ametica,s oriynnation 
axtivities in the ikdusttizl market inclubnnt pulp & paper, mrtaus, weviiing, 
wtd petrochemhcalr.  Xx parg of tht Ikdurtrisl Origination Group, Jim Ajello, 
will contimuc to lead the oridination effott in the metals, rtfininj, and 
'etrocnemycal sector.  Edward Ondarza majntains ogerfight of oridinabion in 
the pukp and paper sectors.  Rodney Malcolm revains primary responsibulity 
for leading tke execution pf trwnsactionv and delivery of thw outsource 
solutlons to industrial cusfomers.

Fhen hhe Commercial Transactions Group was created approximately a year ago, 
thw objertyve was to dreaye an iutexnal em[hasms on the developmvnt of 
transaction execution skiuls that axe necessary to execute complrx, 

shareholders should not be on the hook of electricity to currently totaling $2 it will file with California Public Utilities for authority to recover these electricity from customers when the rate freeze is lifted. The Rosemead-based utility will file plan in the next few months detailing a "rate stabilization" plan for customers that won't exposed wild market fluctuations in electricity prices, said Jim Scilacci, SCE's chief financial officer. The utility would to establish new rates and expand an existing plan to smooth out electricity charges it would be to on to But consumer Foundation for Taxpayer Consumer Rights, the Utility Reform Network and Consumers Union--criticized the utilities for wanting to back out of deal that them to $14 so in extra electricity transition costs since deregulation began in said they will mail to all lawmakers and candidates a to oppose any legislation or other to require ratepayers to pay the electricity costs have built up during the rate freeze. The groups intend to keep a list of position on the pledge the Internet at and Effective Ray will take leadership of the Industrial Origination Group responsible for Enron North America,s activities in the industrial market including pulp & paper, metals, petrochemicals. part of the Origination Group, Jim Ajello, continue lead the origination effort metals, and Ondarza oversight origination in the pulp paper sectors. Rodney Malcolm retains responsibility for leading the of the outsource solutions to industrial customers. When Commercial Transactions Group was created approximately a ago, the objective was to create an internal emphasis on the development transaction execution are necessary to execute complex,
 shareholders should not be on The hook 
for Costs Of dEliVeRing ElecTricity to custoMErs, cUrrently totaling $2 
billioN and gRoWIng, aND tHat it Soon wilL FiLE WitH tHe calIfORnIa PubLic 
utilitiEs CommissiOn fOr Authority to rECoVer these elEctRicity 
"undercOllEctionS" fRom CUstomErs When tHe rate FReeze iS lifted. 
ThE ROSemead-BAsed utiLITy Will File a plan in the nexT FeW Months detailinG 
a "rate StABiLIZatIon" Plan for cusToMers sO That theY WoN'T BE exPOsed to 
wild marKet fluctuatIOns In elecTrIciTY priceS, said jiM sciLacci, SCE's 
chIef fInancial oFficer. tHe utiliTY would eXpect tO esTabLish NEw RaTes AnD 
ExpANd An eXIstIng level-PaY pLan to SmooTH OUT any EleCtriCity cHarges it 
would Be aLlowED to Pass oN to cuStomErS. 
But tHree coNsumeR gRoups--Rosenfield'S FouNdation foR TaXpAyeR aNd ConSUmer 
RiGhtS, thE UtilitY Reform nEtwOrK AND COnsumers Union--critiCiZED tHe 
utilitIes for WAnTiNG to back oUt Of a Deal THAt has AlloWEd Them to coLlect 
$14 bILlIoN so far iN eXtra elEcTriCitY and oTHer tRansitIon costs Since 
DEregulation begAN in 1998. 
The groups sAId THEy WIll mAil To all lawmakErs aND legIslaTIvE caNDidatEs a 
plEdGE tO Oppose any legislatioN oR other EfforTs to require raTepayers to 
PAY The electRiciTY cOSts that have buiLt up dUring the raTE freeze. THe 
groUps intenD to keep a lIST of each pOliTicIan'S poSITiOn on the pledge ON 
The INtErnet at HttP://www.turN.orG anD htTp://wWw.ConsumerwAtchdog.oRg. efFeCtIve ImmedIAtely, Ray boWen WiLl tAke ovER leadeRship Of thE INdUStrIal 
OrigINaTIOn GrOuP rEspoNsiBlE for ENron nOrtH AmericA,s originaTioN 
ActiViTiEs in the Industrial marKeT including PuLp & pAper, meTALs, refiniNg, 
and petrochemicals.  As paRT of the INduStriaL OriGination GRouP, Jim AjEllO, 
Will coNtinue To leaD tHe oRIGinatION eFfoRt In the metalS, REfiNing, aNd 
PetrOchemicAl sector.  Edward OndaRZa mAintains oversIghT of oRIGiNatIOn IN 
thE pULp aND Paper sectors.  RodNey Malcolm ReTAiNs primary rESpoNsIbility 
For leadIng thE ExecutiOn of transActions anD dElivERY of The outsourCe 
solutiOns to induSTrial CUsTomerS.

WhEn the COmMerCial TRansacTIonS GrouP was crEaTed appRoximAtEly a year Ago, 
the objective was to creAte an iNternAl eMphasis on The DEveLopment of 
TranSaction exeCutIon SkillS thAT are nEcesSArY to EXecutE comPLex, 

 shareholders should not b e on the h ook for  co st s of  del ivering electr i city  to customers, current ly to ta l ing$ 2
bill ion and gr o w ing ,an d t ha t  i t soo n w ill fil e with the  Ca li fornia Publi c  UtilitiesCom mission foraut hority  t o r e cover  th ese e lectri c ity 
" undercoll ec t ions"f rom cus t o me rs w hen the rate free z ei s lifted. 
The  Rosem ea d -b a s eduti lity willfi le ap lan int he n e xtf ew months det ailing 
a " r ate  stabi li zat i on" pl an fo rc ust omers so th at t hey won't  be ex p osed to 
wild m arketflu ctu atio n sin  el ec t ric i ty  pr i ces , said J im  S cilac ci,S C E ' s 
c hie f fi nanci al officer. T heutil i tywould  expe ct t oestab lish n ew ra te s and 
expand a n ex isting le vel -p aypl an to smooth  ou t a ny elec tricity cha rg e s it  
would be allowed  t o pa ss on to  custo m er s. 
But thr ee  co nsum e r  grou ps-- R os enfield' s Foun d at io n for T ax payeran d C ons umerRigh ts, th e Utilit y Ref o rm Network and Consumers Uni o n- - c ri t iciz edthe 
utilit iesf or w anti n gtob ack o ut of  a de a l that has allowedth em tocolle ct 
$14 billi on so fari n extra el ectr i ci t y and other tr ansit ion costss ince 
de regul ation be gan in 19 9 8 . 
The g rou pssai d t h e ywill mail toa l l la wm akers a ndlegisla tiv e c and ida te s a 
pled ge to op po se  a ny  le gisla t ion or o th eref for ts to requir e rat epay er st o pay the el e c tric it ycost s t ha t hav e bu i ltup duri ng the ra tef reez e.  T he 
gro ups intend to  k eep a list  o f e ach po l i tician's  position on the pledge on 
the  In terne t at  http://w ww. turn.o rga nd htt p://ww w.con su mer w a tchdo g . or g.Ef fective im m e dia tely,  R ay B owen wi ll take over leade r shi p of the Indu str ialO ri gin a ti o n G ro u p r e s ponsible for En ron NorthAm e ri ca,s orig i nat io n 
acti vitiesin th e  indust rial mark et includ in g pu l p  &paper, met als, ref ining, 
a n d pet r oc hemic als .  Aspa rtof th e Indu s tri al Or iginat io n Grou p, Ji mAjello,
will continue to leadthe or igina tio n effortint hemetals, r efin ing, and pet roc hemic als ector .  E d wa rdO ndarz a ma i ntains ov e rs igh t of  originatio n i n the p ulp and pa persectors.  RodneyM alcolm retains  pri m a ryres p onsi bi lity 
for lead ing  t h e  executi on  of transac tions an dd elive ry ofthe ou tsource so l utions  toind ustrial c ust om e rs.

Wh en  t h e Comm erci al  Trans action s  Gro u p  was created app roxim a t ely a yea r ago ,
the ob j ecti ve was tocreate an i nterna l em phasi s on th edevelo pme nt  of 
trans a ction exe cutio n skill sthat  ar e nece ssar y to ex ecut ecom plex, 

 shareholders_should not_be on the hook_
for costs_of_delivering electricity_to_customers, currently totaling_$2 
billion and_growing, and that it_soon will file_with_the California Public 
Utilities Commission for authority to recover these electricity 
"undercollections" from customers_when_the rate_freeze_is_lifted. 
The Rosemead-based utility will_file a plan in the_next few_months detailing 
a "rate stabilization" plan for customers_so_that they won't_be exposed to 
wild market fluctuations in electricity prices,_said Jim Scilacci, SCE's 
chief financial_officer. The utility_would_expect_to establish new rates_and 
expand an existing level-pay plan_to smooth out any electricity charges_it 
would be allowed to pass on_to customers. 
But three consumer groups--Rosenfield's_Foundation for Taxpayer and Consumer_
Rights, the_Utility Reform Network and Consumers_Union--criticized the 
utilities_for wanting_to back out_of a deal that has allowed_them to collect_
$14 billion so far in extra_electricity_and other transition_costs_since_
deregulation began_in 1998. 
The_groups_said they_will_mail to all lawmakers and legislative_candidates_a 
pledge to oppose any legislation or_other efforts to require_ratepayers_to 
pay the electricity_costs that have built up_during the rate freeze. The 
groups_intend to_keep a_list of each politician's position on the pledge on 
the Internet_at http://www.turn.org and http://www.consumerwatchdog.org. Effective immediately,_Ray Bowen will take_over leadership_of_the Industrial 
Origination_Group_responsible for_Enron North America,s origination 
activities in the_industrial market_including pulp & paper, metals, refining,_
and petrochemicals.  As_part_of the Industrial Origination Group, Jim_Ajello, 
will continue to lead the_origination effort in the metals,_refining,_and_
petrochemical sector.  Edward Ondarza_maintains oversight of origination in 
the_pulp and paper_sectors.  Rodney Malcolm retains primary responsibility_
for_leading the execution of transactions and_delivery_of the outsource 
solutions to industrial_customers.

When_the_Commercial Transactions Group was created_approximately a year ago, 
the objective_was to create an internal emphasis on the development_of 
transaction execution_skills that are necessary to_execute_complex,_
