
Date: Thu, 7 Jun 2001 01:23:00 -0700 (PDT)
From: roy.boston@enron.com
To: janine.migden@enron.com, susan.landwehr@enron.com, jsteffe@enron.com,
richard.shapiro@enron.com
Subject: Re: EESI - City of Chicago Agreement
Cc: christopher.townsend@piperrudnick.com
Bcc: christopher.townsend@piperrudnick.com

Hello All -- Just and update on the Chicago Deal.
The ordinance which would permit the City to enter into a multi-year
agreement was introduced in the City Council yesterday and the Mayor held a
post-Council press conference with our deal being the first issue addressed
(and the only one to have a nice graphic showing its benefits).  Several
high-profile issues were also on the agenda (racial profiling, redistricting,
legal representations for aldermen re: school locations, school board CEO
Paul Vallas' future, Gery Chico's replacement, etc.) so the press spent
several minutes questioning both the Mayor and City Commissioner Bill Abolt
on our issue.  Abolt did a masterful job of handling the issue with his point
being that the City has lived up to its commitment to 1) develop a
competitive market, 2) reduce costs while, 3) promoting green power
(renewables).  The press focused on whether ComEd was resentful that 60% of
the City's requirements will be covered by this agreement to which Mr. Dwyer,
of ComEd, after the press conference stated that they viewed the deal as a
win because ComEd got the green component of the City's business.  Peggy
Mahoney also made a post conference statement and was welcomed by the press
and was given a favorable treatment by the press (Dick Kay, Andy Shaw and
Mike Flannery).
On balance, I think that the press did not know what to make of this deal
but knew that this is an appropriate response to the drubbing the Mayor has
received in the past for putting all of the City's energy needs in one basket
laid at the feet of ComEd.  As you know, this is only the introduction of our
deal to the City Council and it has not been approved yet.  We expect that
that will occur either later in June or certainly by the end of July.  The
actual contract will be finalized and signed at that time.  In the mean time,
I expect that the press will have more questions as this matter moves forward
and it goes to the Council's Energy Committee.  The City is doing the heavy
lifting and it is best that Enron not take an over large profile -- but we
also cannot become invisible either.  Julie Starsiak of Ronan & Potts and
Peggy Mahoney are very much involved.



