Documents Enron 1999
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Enron Documents 1999 rDEC- 15--B ]S-48 P. 02/21 December 14.1398 Vol. 5. No. SD tandard & Poors' kmRP'M ITILITIESl :- g PERS PECTVES | BH ~I UWhy Is ectric Restrturing Moving So Slowly inStates? A the begi6s d 199S. Siamrd & PWfs iwpd between ne rulatory boj,. th Amore Ccaporior. ~3b f^ rlWdiTr!- atalrtgenbardawmuldadptericemsam- Cmmwiion ACC. and Arizna's two maor OUs. 4' " -" =- 1·;n siitionlt^ ddu teared clsttmrvwy. Leg AinaRtPbliSAniceCo. aod T-Tsn,Eleaic Pori Co. .::* ?... _.;is . __had.ialatbla aLdy.. beari dkiil dlatchbe a Fuitwraolmatthifmmisn recetltionof 6 ...... - Bhrois. Cai.frf Mass h. FvwrreBaftrd abr a new ACC crmissinc-, etfectriv Jan 4. 1999. who Otm6 -B1im ;rwwhkluymregiJacyrn inNewac. Lamw&nmodir may try to urvlJ the senJenttfs "-:'^-.~M.4P3xp - ,s l teLta s S ra MS*. Me An,lhr fact that wiU rtety delay .ruairo in 1* _:lq-.po isdbtoim*Ia licznKaStumaricnpeheawr*wder= sane sta e high torof members instae -_ - e batoadosMe, hwen.eipmsa dtO.ssqlflrnsD- haues. The tagp eumber of freshman laewm ; - j --hm :-~udii~sj. eaind nhManx jydicinsnder mwetato RCKk=s recI= tf fdled In egd zaaom doat wee oa me :'- a- ' · astax s stedecar.cicnnerfain9Bl peipice of adopinrlegislation might ndCnsareer 6 .boeerU3nstllea-s.andb Posi iinspeciy d intarstga passage of a rtstnrcuiing bill The leamin cure fa Ltpc: lCze-d~itVt Rclernda in Califonia and Massadihets eingo te new lawmakers m this aompLcx Issue could :,.--. _-.-.: ... Wn e.leritc reVimctignurib cealy steered main postpne dem. wi the newrmers insad 6 |-LO sw.ais away fm spwacing D*eir DM rututrW twouvatng on cytin f-r throuh budge and tx 7- Abills. Thedefceofthesevotlerinrii'cmightbuoythe polcy. Gien te complat'd natmue of he eleric . -_. Shefied prospects fo reacoie Pssawfn and r de poliically chaged -8 ': . Arete rfor in man hy ales duing 199SHowel , wardecnt en an I sane states. policiarm maycoinue to I-n-,!- rcsistneby swanagi adladddlontbabot nirltus issue fraes long as pWble _' tadti.,es.wich wold becat¢fndt wn-cnamng. h Mic dgn. wvch had hi hbgg eomawr in as it was in Califonua. whan knstow-nad ulutiis Nowtuberd the =tity f ekcicre uiuingai te .. lOUsspent aut S30 mTiRon- aMwingbra to pFriordesofnewlyscaud lamabEs wi pubiypml jeduath iie public. To mitiso dhs ri*. Stexrd & Ia utnaullg bthb hoiSkoduBsd in 1S33 hbest -S-':Poo .*,..f. biefDfWws mae rwnu glm hiudauW dosxa dfic uofll letarg beivn o cedIe rte -s.i~ 9 ,.*_: P eylkiralc ad iisGy cmpiesicuPomnemmsit rm 12 mornrdwas ananwdeBl tirruaidhftea be readd in ech sttate bhelu, b sbtlmduicd Naebai r 1iS mBonatr aledack. 1h blbN Legal challenges ham abo aid pbn hi othr radtedfi bys e aah. m as ratnawvd a byte L-,~- ,^ esatrs. hiAronma.A e sta- SQemam Cot has ddeayd sn,ahaswae hafe -cs.eessionend. ni on the planned phasi of elocric dfegulatim In Ohia. hesation by hwmeokam to tackle piay ;s-hdudled to bein Jan. 1. 199I A udemt teti'n tied to the sancuring dbate doned ddiM.csi electk rirtnwjnil had been readed pasagetabilthisyear.Oespae de bad:ngof ppAar f~-~-"~':~"-""-~"""""" Ilm~l~fB~dllli~ill t~eerr~aaa~umesosri~h~o lue~M~Wh.:.~...h.. .kl .. .. .................... DEC-15-1998 15:48 Docvn*.w %. i9W %%5 pi.. s linder Morgan May Benefit Fmm Oil Mega-miergers ;rRbs 10 419 P AS~lH Core8thb dsgrowd plan IsIfru Moi~n's sla~eqV - - r prumer ol m smarn O of acqiauiu 3~dualwj z nweArte6 andthave , dua; ip oneVi laiestm-in axwofwdl * Ac airk,adiiori poielnes wd p ofirw rs the U.S~a 2476 eucrest an starage facifties usI* fit v4 iwukm f 3ina1Saidtlm IJS. mrah pidsie* and cniatiy'sf growt~hrsrcT;he cmanylhask $.m8d S-s~. r~bh~lacmclbm.lMao ~cedh*igaI *U~e~ t~tUpflrd wal. flnarial florbimtb . bWudh a rulafviw !s!1f.*Rf 3 g * mdcow w omwanbim Sar it Iot- unwrdevrkaag bular ieem ID ftd Its gmrwth am Fdnmy iU?. te oaw l tis gromn imnivme McNsw. due to Kkler Motgpaifs yufica*. mn*i tvu#o wcqu nmsa pTh- m1edparcnmrn tinpscixc wnO -mcoran -s 577 brii rgn, cK ar.Cbrrzaw MobiW eovs a law costoa t kitsg .twchcftaices the laIbe tahld Eztbm Cbor ud crat ec ks of patas proajocL · --ilkwA gruwisfrorum KsfinDJer Mainwgesaene cirrrad umfl*5 ki kbegrou, Awcw Cai hpoijctMusoenOC IMt ana~uisitionsand Its dujlplimd gppwadtc i rthFnM&*dw C jxson V*; nremere vzf raw tnto E ~*Wnre Dw. wwrims A* riti:al for Erali apdapiforrang Dinoncoe amut to corrnay's ab~fiy 10 maintain lru 8t0R~~ss~~srwcn~~ss~f 1 Davacid ALCoffirs. WvvA rAse~laci do= garetoW w~dervahm b adfrrwn 0 gm corporate cmdir rating Oinder Morgan z womms in taupm wd tef~fcl pipcf,ncs eW" oadw asqdhg ad then kftwrmwtwcmpa1p is*f%1. -m g - ;idrvsow usoh as pouIu cripe fanilities due to fe talcl tit f nmerornmCWTI cwcutives -. - re pmw dwvtsan eudw~dm Muorww. the Reh Kinder andBill MoWga.lHowear., :redlt qwky DM AsX. VVw6- ia Tand Dwuiislm or te D ropamnaentof co sufferi ther pewivyforessbif . - E - cm in searimg to meugr tr posibls fuNwi fqwitiorw oris Uie to na iz rad W ntknat vmeE **nldrab2UcM io sosllc syncrgies from ks puidiao. TIhs fw. Kkider clain numm FobwkV dte mar of Shel Oil Morgan's uqtflwio haw bown crmsarwlwB .s wd Tmo Irnas ditrubeali opendtlms. fincn and lm-cornp has stand At desire to IAI uLM its 24%L% stP in Pavdoni Pie Lk* Co. naimen a onseis Wm=n stor C$Rut -I--IA- ' rder Morgan for $10 mOmIoin quality would be cuninished i: t orrWl5 WailMiua us)ttoyEse'a :e 19U.wrder VOrgaW is well positiorid fwminal policy dwauges. N hvem its ouwnwxidphusez if Emcoi decides BRnU.larnm dirwt its 48% stge in Fntrniam Five ine. New Yo& [I(),? -2tG~71 Kiwder Monran uIecz toWspend S300 ririmr to - 50 ,miu on arqisicus in ft next few years. aSSL~o~rj-a t Saw to ~~ a r,~~~~.isip.ato ba No.'h. Siak%4. a P.reanU.,.~~.1IW-~ ix~1mS.&~ m w IU1'4Cv.9ik1nSO apim q .,Cib il p.2 Dea~~~~~~~~dieul&1ISS ~~~~~~~~Stuandad & PFcies UtWl t£ Purspcxive 'fEC-15-1998 15:49 ,, , _ P. 04/21 [m^ _._ ^^,. _ _ 6wiorrGWVbo wchtlM»w S actdlttheetc- Cnudefg thdapolitical hunil. incxdif the sns _rbnr U-. s .m.i~rti rleti dl,.t .rp.Irr.n ml9o,, tcuio ._ac...d hin prioriay tou. r. of to Oo l Owioh Weiee opeouc ps r w clat tnzlas CIot rd d c ri-YeA (l Z12O2:tJH-1 lc-.and,Ci Bopl Bndecaiceacurit9rtilt . sbie etftheatsJoiolpio . vPottra'niOestoh to Y 1(d 21t2l 0U-2oB-I died iin cOtt tiardeii n fbwrseuycV 1aaw tfxar do hiOgh-cost set ad The fogi tdaiad ikLg pan bKcaw a oiam' thatdd bwodbtmdhIrd ebM - .d'imsnaoeini m daPimutbI ppptasme ff -bum pis pa an xntpan oi to ki)ud a (1)2U-23-n21572 collcwd Itth io VK1W'am'g plans b cedit pckle tor tte evoMn i.distry. StlL Vhe US..,--- funeduci.L hnu.dmI dgaSleof rmeatin. Ceitwqncesr pof m me ale A o'd W2ts md Ferw. M Yod&I) 211-201.1563 assems and i t_ ogwdtl -anfed inbasniem sinct wi ntine t recrer landed Iamsu.s. odtl and ebedmmwodldlrqube sttmblrldate rnmOh rats ard,in o. ins,nce. tx0h Undta<sad tormbe pprniynx semm. a xpofi hr aaelbTra depredati puaps. Butr im e ae t:j= lwvr MilinVu t:pus r*fh ar. Wth a daige a poititslc5 I'* f 'ct muCindMD t cr. new oow l tvw in gb esisae. and tie is lty be ptXponed n mw:unter dwbi 1S9. 'ina C-athe Tronw, lt31-2021-00W ucmropr isee komin. feuovudol fa OhiM lcw.v. t nw swrctarya Dtte cparwn of iw,nA, ^ leisabitaM999i doudyabest Ene.. Bil. fiiranion as kInmated ti fe will Ju rAdy . ,' , (il2-o4-i;S,rt Additiosl.t low rates or idnustrti caism0 ntwt push for federal eleCic esnutftin hi r ive quettafte resotucuaWasearc in L 'er.M.IS.R.chadsfn'si luence on apnol )!Man :he A 0;do J loadona(44,i~f;t4-.tf.1. hose lers faimed I git a bll out ao poetialof the Cmnonadmbiniraiotinla toe hold .~mciw commilc. aid in Kemxty. whos lcgisalubre oldVis issue mayforce thada dawdfing'ss ,es.dOC Hxl Kngb 2) 2533-3102 charged a Us force bi nudig eleic Despmiis bnpteturs. ertcing <npe legsbOtioi thckqJieds-631.20o b 4a(() rcsmuanrid peperig anep1 by the enr of suchlericrresrLucairg mbeditficuktiiS199 DOFukTmi ToLo r) -'9.-s34iT4 199. hn F. theismildustial base hasbeen caderfing the porlital ma uvvein 1at is iale tsger noua pcl t est to ocncuring tlabd to otsr ssau. StanrEd &Pes Is L.__- edvance a stncuIr duing tis yeas belidve t at beyrin 1999 thi erst date tuhat sidp S, Y'o (cI 212-zo12e34 sessioLatlty.DfVasgY Cor.'s ppotal fedeal eletric retnu ing iM be enacmid na . to hld a 514MW pasd plant pmaily for be s late as Z de to a miyrad of fadior z sdd c YY(1 i]-22-<164 mneraftw in fbid ay be decided by the including a presidenial elec:tn in 2000 ard the - Flcida ewslae. wtch - would height en unbl..;nagenda ofancwandrknn:i sb .... CaD Tmivp 11)4l-2l2-600o rcstnjcltuiwanvers in he sate .JobaW. Whdock New ivtk(1212-"S6SS7 tiaAlcvt laa. nlFiaad a )Nc~Yo4 (1) 3U1-20-872 .bml|ns ell 9631-2f27<ln DM] B 1 o) Tokyo> $41 """"4SS3 Week ofDecember 14, 998 Utility Preentatios T4 FtVrgow L 12/ Avmirmdo.apwr . Y -BS ;ondLPoots Utii&Ptpcdve _ PBgc3 Decendmbx1999 DEC-15-1998 15:49 P. 05/21 Javid C.Wittig, CEO And President Of Wester Resources Inc.