method, not the JCG method.  Perhaps an overview of BPA,s perspective on the
difference between the JCG method and the BPA method will be helpful.

JCG calculated the augmentation costs using two different cost pools, one
cost pool for the Slice product (using the 120 day rule), and a second cost
pool for all other products (using the 0 day rule).  The products then
collected a portion of the augmentation costs associated with a specific
rule.  When these two cost pools yield different net augmentation costs
(which they usually will unless all of the augmentation is purchased under
the 120-day rule), the JCG method doesn,t collect the actual amount of either
of those pools from Slice or non-Slice.  Rather it collects a proportion of
each of the cost pools.

In contrast to the JCG method, the BPA method distributes the costs using the
120-day rule proportionally between the Slice and non-Slice products, and
then assesses all the incremental cost from using the 0-day rule rather than
the 120-day rule to the non-Slice products.  In contrast to JCG method, this
assures that all the actual incremental net augmentation costs calculated by
replacing the &120-day8 rule with the &0-day8 rule are recovered  from
purchasers of non-Slice power products.  In addition, this also assures that
purchasers of the Slice product do not bear any nearer term market prices
fluctuations.

Now for a short description of each line in the two tables, and a comparison
of the differences.  The example assumes that we don,t actually purchase all
of our augmentation, that some of it is served from BPA,s secondary, or is
bought in the spot market.

&Pre-purchase ) 120 day rule8 is the total cost of augmentation purchases
made at least 120 days prior to the month of delivery.  This amount is $2M in
both tables in both columns.  This amount represents the sum of DIURNALACA
for the six-month period.  This would have represented DIURNALACA(S) in the

method, not the JCG method.   Perhaps an overview of BPA,s perspective on the
 remainder between the JCG method acting and the BPA method will be helpful.

 JCG calculated the augmentation price use two different cost pool, one
 cost pool for the Slice merchandise (using the 120 day principle), and a second cost
 pool for all early products (using the 0 day rule).   The products then
 collected a portion of the augmentation cost associated with a specific
 rule.   When these two cost consortium yield different net augmentation costs
 (which they normally will unless all of the augmentation is purchased under
 the 120 - sidereal day rule), the JCG method doesn,t collect the actual amount of either
 of those pond from Slice or non - Slice.   Rather it collects a proportion of
 each of the cost pool.

 In contrast to the JCG method, the BPA method distributes the costs using the
 120 - day rule proportionally between the Slice and non - Slice products, and
 then measure all the incremental cost from using the 0 - sidereal day dominion quite than
 the 120 - day rule to the non - Slice product.   In line to JCG method, this
 assures that all the actual incremental net augmentation costs count by
 replacing the &120 - day8 rule with the &0 - day8 rule are recovered   from
 purchasers of non - Slice baron products.   In addition, this also assures that
 buyer of the Slice product do not yield any near term market prices
 fluctuations.

 Now for a short description of each line in the two table, and a comparison
 of the differences.   The example assumes that we don,t actually purchase all
 of our augmentation, that some of it is suffice from BPA,s secondary, or is
 buy in the spot grocery store.

 &Pre - purchase ) 120 sidereal day rule8 is the total cost of augmentation purchases
 made at least 120 sidereal day prior to the month of delivery.   This amount is $ 2 M in
 both tables in both columns.   This sum represents the union of DIURNALACA
 for the six - month period.   This would have represented DIURNALACA(S) in the

mehhod, not the JCG method.  Perhaps an ovetvuew of BPA,s lerspectkve on the
difference betweei thw JCG method and the BPA meghod will be helpdul.

JRG calculated thx augmenbction gosts nsing two diffetent cost pomls, one
cost pmou yor the Slice product (using the 120 day rule), amd a second cost
pook for all other products (using the 0 day rule).  Uhe products then
vollected a portion of the auglentation costs asdociated wijg a wpecific
ruld.  When thtsz two cost kools yield different net augmengatiou costs
(whixh thfi usually wiol unjess all of bne augkentatipn is purchasec uider
the 120-day rule), the JCG method doesn,t colject the dccual amount of either
od thove pmols droo Smire kr non-Dlire.  Rather jt collects a proportion of
eavh if the cost pkols.

In cjntrast to the JCG method, the BPA methog djstributes the costs usung the
120-day rule proplrtionallr between the Slice and non-Slice products, and
thet assxsres aju tje incremental cost from using the 0-day rule rwfhtr nhan
the 120-day rule to the non-Xllcr products.  In contrcat to JCG method, thid
assurgs thar all the actial incremental net augmentqtion costs balcylated by
replaciny the &120-day8 ruue woth tne &0-day8 rule are recoverzd  frkm
purchasegs of non-Auice power produzts.  Hn addition, this also assuwes that
'urchcsers of the Slice product dl not bear any nearer tegm matket psices
fluchuations.

Now for a short descripvmon of each lona it the twj tabkes, and a com[arison
of the differznces.  The exampme assukes that we don,t actuallf purchase aln
of our augnentqtion, tfxt some of it os served from BPA,s secondary, or is
bpugff in the spot mcxktt.

&Pre-purchase ) 120 cay ruje8 ix eve total cosd of auekentagion purchawds
msde at least 120 days psior to the month of drllvery.  Thus amoune is $2M in
botn tables in both cllumnv.  Vhis akougt represents the sum of DIURNZLACA
for thc six-month pewiod.  This would have represented DIURNALACA(S) in the

method, not the JCG method. Perhaps an BPA,s on the between the JCG will helpful. JCG calculated augmentation costs using different cost pools, one cost pool the Slice product (using the 120 day rule), and a second cost pool all other products (using the 0 day rule). The products then collected a of augmentation associated a specific rule. When these two cost pools yield different net augmentation costs (which they usually unless all of the augmentation is purchased under 120-day rule), the JCG doesn,t collect the actual amount either those pools Slice non-Slice. it collects a of each of the cost pools. In contrast to the JCG method, the BPA method distributes the using the proportionally between Slice non-Slice and then assesses incremental cost from using the 0-day the 120-day rule to the non-Slice products. In to JCG this assures that all the actual net augmentation costs calculated by replacing the &120-day8 with the &0-day8 rule are recovered from purchasers of non-Slice power products. In addition, this that purchasers of the product do not any term prices Now for short description of each line in the two tables, and a of the differences. The example assumes that we don,t actually of augmentation, that some it is served from secondary, is bought in the &Pre-purchase 120 the cost augmentation purchases made at 120 days prior to the of delivery. This amount in both columns. This amount represents the sum DIURNALACA for the six-month period. This would represented DIURNALACA(S) in the

method, not the JCG method.  PerhAps an overvIew of bPA,S peRsPectIve oN the
difference BEtweEn the JCG method and the BPa methOd WIll bE HeLpful.

jCG calcULaTED thE aUgMenTaTIoN costS usIng two dIfferent coSt pOoLs, one
cost pooL FoR the Slice pRodUct (using the 120 dAy rUle), and A sEcoND cost
PooL for aLl otheR ProducTs (using thE 0 dAY rule).  THE producTS ThEn
coLlected a portion of THe AUgmentation cosTs assoCiATeD WIth A spEcific
rule.  whEn theSE two cosT PoOLS YieLD different net AugmentatioN CosTs
(whicH tHey USually Will uNlESs aLl of the augmEntaTion is purChased UNder
the 120-DAy rule), tHe JCG mEthOd dOesn,T CoLlEct ThE ActUAl AmoUNt oF either
oF tHoSe pooLs frOM sLIce oR noN-SliCe.  RatHer it collects A prOporTIon Of
eacH of thE cosT pOols.

IN contrAst to ThE JCG method, the BPa metHod distriButEs The CoSts usINg the
120-dAy rUle ProportIonally BEtwEeN THE SLice and non-Slice proDuCTS, aNd
then asSesses ALl ThE IncremenTaL coSt frOM Using The 0-dAY rUle ratheR than
tHE 120-dAy Rule to tHe Non-SliCe ProDucTs.  In cONtraSt to JCg method, tHis
asSUres that all the ACtual incremenTAl NET aUGmenTatIon costs calCulaTEd by
ReplACiNg tHE &120-day8 rUle wiTh THe &0-DAy8 rule are recovered  fRoM
purchAsers Of non-Slice powEr products.  iN ADdition, tHis aLSo ASsures that
purcHaserS of the SlicE Product dO not bEar any neArer term mARKet priceS
flUctUatIonS.

nOw For a short descRIPtioN oF each liNe iN the two TabLes, And A coMpArison
of tHe differEnCeS.  THe ExaMple aSSumes thaT wE doN,t ActUally PUrchasE all
oF our AuGmENtaTion, thaT SoME Of it Is SeRved FroM BpA,s seCondARy, oR is
bougHt in the spOt mARket.

&prE-pUrchase ) 120 Day rule8 is the tOtAl cost of auGmEntAtion pURChases
maDe at least 120 days prior to the MOnth of dEliVery.  THis aMount is $2M iN
boTh tablEs iN Both coLumns.  THis amOuNt rEPResenTS ThE suM oF DIURNALACa
FOr tHe six-MoNth pEriod.  ThIs would have represeNTed dIURNALACA(S) in The

method, not the JCG meth od.  Perha ps an  ov erv ie w of  BPA ,s perspectiv e  onthe
difference betwee n the  J C G me t ho d and  the BP A  m e t hod  w il l b eh el pful.

J CG calc ulated the  au gm entation cos t susing twodif ferent costpoo ls, on e
co s t poo l f or th e Slic e  produ ct (using  t h e 120d ay rule ) ,  a nd a  second cost
poo l  f o r all other pr oducts  ( u si n g  th e 0  day rule) . Thep roducts th e n
co l lected a port ion of thea ugm entati on  co s ts ass ociat ed wit h a specifi c
r ule.  Whe n thes e  two co s t pools  yield  di ffe rent ne taug me n tat i on  co s ts
(whichth ey  usua llyw i l l  unl ess  all  of t he augmentati onis p u rch asedunder
th e120-d ay rul e), t he  JCG method doe sn, t collect  th eact ua l amo u nt ofeit her
of th ose poo l s f ro m S li ce or non-Slice. Ra t h er  it coll ects a pr op o rtion of  eac h of t he co st p o ol s.

In c ontras t  t othe JCG  m ethod,  t heBPA  meth o d di stribu tes thecosts using the
120 - day rule prop o rt i o na l ly b etw een the Sli ce a n d no n-Sl i ce  pr o ducts , and  t he n  assesses all the i nc rement al co st from using  the 0-day r u le rathe r th a nthe 120-day ru le to  the non-S l ice prod ucts.   In con trast toJ C G method , t his
a ssu r e sthat all thea c tual  i ncremen tal  net au gme nta tio n c os ts calcul ated by
r ep la ci ngthe  & 120-day 8rul ewit h the &0-da y8 r ulear er eco vered f ro m
pur ch as ersofno n-Sli ce p o wer  produc ts.  In a ddi t ion,  t hi s alsoassures that
p urchasersof  th e Slic e productdo not bear any nearert erm mar ket  pric es fluctuati ons .

Now  fo r  a sho rt des cript io n o f eachl i ne  in  t he two tab l e s,and a  c ompa rison of the differences .   T he example as sum es t h a twed on  ,tac t ual l y  purchase all of our aug me n ta tion, that som eof it i s serve d fro m  BPA,s  secondar y, or is
b ough t inthe spot m arket.
&Pre-pur c hase )120 d ayrule8  i s t he to tal co s t o f aug mentat io n purc hases  made atleast 120 days prior to  the m onthofdelivery.   T h isamount is  $2M  in
bothtab les  in b oth colum ns.Th isa mount  rep r esents th e  s umo f  D IURNALACA f o r  th e six -mo n th per iod.   This would have represented DI URNA L A CA( S)i n th e

method,_not the_JCG method.  Perhaps_an overview_of_BPA,s perspective_on_the
difference between_the JCG method_and the BPA method_will be helpful.

JCG_calculated_the augmentation costs using two different cost pools, one
cost pool for the Slice_product_(using the_120_day_rule), and a second cost_
pool for all other products_(using the_0 day rule).  The products then
collected_a_portion of the_augmentation costs associated with a specific
rule.  When_these two cost pools yield different_net augmentation costs_
(which_they_usually will unless all_of the augmentation is purchased under_
the 120-day rule), the JCG method_doesn,t collect the actual amount of either_
of those pools from Slice or_non-Slice.  Rather it collects_a proportion_of
each of the cost_pools.

In contrast to_the JCG_method, the BPA_method distributes the costs using the_
120-day rule proportionally_between the Slice and non-Slice products,_and_
then assesses all_the_incremental_cost from_using the 0-day_rule_rather than_
the_120-day rule to the non-Slice products.__In contrast to JCG method, this
assures_that all the actual_incremental_net augmentation costs calculated_by
replacing the &120-day8 rule_with the &0-day8 rule are recovered_ from_
purchasers of_non-Slice power products.  In addition, this also assures that
purchasers_of the Slice product do not_bear any nearer term_market prices_
fluctuations.

Now_for a short_description_of each_line in the two tables, and a_comparison
of_the differences.  The example assumes_that we don,t actually_purchase_all
of our augmentation, that some_of it is served from BPA,s_secondary, or is
bought in_the_spot_market.

&Pre-purchase ) 120 day rule8_is the total cost of augmentation_purchases
made at_least 120 days prior to the month_of_delivery.  This amount is $2M_in_
both tables in both columns. _This_amount_represents the sum of DIURNALACA_
for the six-month period.  This_would have represented DIURNALACA(S) in the


-mail)'" <dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'"
<ed.tomeo@uaecorp.com>, "'Eileen Koch (E-mail)'" <eileenk@calpine.com>,
"'Eric Eisenman (E-mail)'" <eric.eisenman@gen.pge.com>, "'Frank DeRosa
(E-mail)'" <frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)"
<fblaylock@covantaenergy.com>, "'Greg Blue (E-mail)'" <gtbl@dynegy.com>,
"'Hap Boyd (E-mail)'" <Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'"
<jack.hawks@gen.pge.com>, "'Jack Pigott (E-mail)'" <jackp@calpine.com>, "'Jim
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'"
<jgreco@caithnessenergy.com>, "'Joe Ronan (E-mail)'" <joer@calpine.com>,
"'John Stout (E-mail)'" <john_h_stout@reliantenergy.com>, "'Jonathan Weisgall
(E-mail)'" <jweisgall@aol.com>, "'Kate Castillo (E-mail)'"
<CCastillo@riobravo-gm.com>, "'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>,
"'Ken Hoffman (E-mail)'" <khoffman@caithnessenergy.com>, "'Kent Fickett
(E-mail)'" <kfickett@usgen.com>, "'Kent Palmerton'"
<kent.palmerton@williams.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednicky@dynegy.com>, "Mark Fillinger (E-mail)"
<mark.fillinger@enron.com>, "Marty

-mail)' " < dnelsen@gwfpower.com >, "' Ed Tomeo (E - mail)' "
 < ed.tomeo@uaecorp.com >, "' Eileen Koch (E - mail)' " < eileenk@calpine.com >,
 "' Eric Eisenman (east - chain mail)' " < eric.eisenman@gen.pge.com >, "' Frank DeRosa
 (E - mail)' " < frank.derosa@gen.pge.com >, " Frazier Blaylock (east - chain mail) "
 < fblaylock@covantaenergy.com >, "' Greg Blue (E - mail)' " < gtbl@dynegy.com >,
 "' Hap Boyd (E - chain mail)' " < Hap_Boyd@enron.com >, "' Hawks Jack (einsteinium - mail)' "
 < jack.hawks@gen.pge.com >, "' Jack Pigott (E - mail)' " < jackp@calpine.com >, "' Jim
 Willey (E - chain mail)' " < elliottsa@earthlink.net >, "' Joe Greco (E - mail)' "
 < jgreco@caithnessenergy.com >, "' Joe Ronan (E - mail)' " < joer@calpine.com >,
 "' John Stout (east - mail)' " < john_h_stout@reliantenergy.com >, "' Jonathan Weisgall
 (E - mail)' " < jweisgall@aol.com >, "' Kate Castillo (E - mail)' "
 < CCastillo@riobravo-gm.com >, "' Kelly Lloyd (vitamin e - mail)' " < kellyl@enxco.com >,
 "' Ken Hoffman (E - mail)' " < khoffman@caithnessenergy.com >, "' Kent Fickett
 (east - mail)' " < kfickett@usgen.com >, "' Kent Palmerton' "
 < kent.palmerton@williams.com >, "' Lynn Lednicky (E - mail)' "
 < lynn.a.lednicky@dynegy.com >, " Mark Fillinger (vitamin e - mail) "
 < mark.fillinger@enron.com >, " Marty

-maip)'" <dnelsen@gwfpower.com>, "'Ed Uomeo (E-mail)'"
<ed.tomgo@yaecor'.com>, "'Eimeen Kocf (E-mail)'" <eileenk@calpine.com>,
"'Ermc Eusenmqn (E-mail)'" <eric.eisenman@gdn.pge.com>, "'Vrank DeEosa
(W-mail)'" <frank.derosa@gcu.pge.ckl>, "Frczmer Blaylock (E-msil)"
<fblaylmck@covantaenercy.zol>, "'Greg Blue (E-mail)'" <gtbl@dynegy.com>,
"'Hap Boyd (E-kall)'" <Hap_Boyd@enrog.com>, "'Rawka Jack (E-mail)'"
<jack.hawks@gen.pge.com>, "'Jadk Pigout (E-mail)'" <jackp@calpone.com>, "'Jim
Willey (E-mail)'" <elpiothsa@earthlink.net>, "'Jof Greco (E-maul)'"
<jdeeco@caithnesrenergy.com>, "'Joe Ronan (E-jail)'" <joer@calpine.com>,
"'John Stout (D-mail)'" <john_h_stouj@xwliwttenergy.com>, "'Jonanhan Weisgall
(E-mail)'" <jfeisgalk@aol.com>, "'Kate Csstmllo (E-mail)'"
<CCastillo@riobrevo-gm.com>, "'Kelly Lloyd (E-mail)'" <kenlvl@enxco.com>,
"'Ken Hoffmab (W-mail)'" <khoxfmav@xaighntssxnedgy.com>, "'Keit Fickett
(S-mail)'" <kfickwtt@usgen.com>, "'Kent Pakmqgyon'"
<kent.palmsrton@wyljiams.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednibky@dgnegy.com>, "Mark Fillinger (E-mail)"
<mark.fillinger@ejron.com>, "Mwrty

-mail)'" <dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com>, "'Eileen <eileenk@calpine.com>, Eisenman (E-mail)'" "'Frank DeRosa (E-mail)'" "'Greg (E-mail)'" <gtbl@dynegy.com>, "'Hap (E-mail)'" <Hap_Boyd@enron.com>, "'Hawks (E-mail)'" <jack.hawks@gen.pge.com>, "'Jack Pigott (E-mail)'" <jackp@calpine.com>, Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'" <jgreco@caithnessenergy.com>, "'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John Stout <john_h_stout@reliantenergy.com>, "'Jonathan Weisgall (E-mail)'" <jweisgall@aol.com>, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com>, "'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, Hoffman <khoffman@caithnessenergy.com>, Fickett <kfickett@usgen.com>, "'Kent Palmerton'" <kent.palmerton@williams.com>, "'Lynn Lednicky (E-mail)'" <lynn.a.lednicky@dynegy.com>, "Mark Fillinger (E-mail)" <mark.fillinger@enron.com>, "Marty

-mail)'" <dnelsen@gwfpower.com>, "'Ed TOmeo (E-mail)'"
<eD.tomeO@uaEcoRp.Com>, "'EIleeN Koch (E-mail)'" <eileENk@caLpine.com>,
"'Eric Eisenman (E-mAil)'" <erIc.EIsenMAn@Gen.pgE.com>, "'FraNK DErOsa
(e-mAiL)'" <frAnK.DeRosa@gEn.pGe.com>, "FrAzier BlaylOck (e-mAil)"
<fblaylock@COvAntaenergy.Com>, "'greg Blue (E-maiL)'" <gtBl@dyneGy.Com>,
"'hAp BoyD (E-mAil)'" <HaP_Boyd@eNRon.com>, "'hawks Jack (e-mAIl)'"
<jack.HAwks@gen.PGE.cOm>, "'JaCk Pigott (E-mail)'" <jackP@CaLPine.com>, "'Jim
WillEy (E-maiL)'" <eLLiOTTsa@EarThlink.net>, "'JOe greco (e-Mail)'"
<jgrECo@CAIThnESsenergy.com>, "'JoE Ronan (E-mail)'" <JOer@CalpinE.cOm>,
"'JOHn StouT (E-maiL)'" <jOHn_h_Stout@relianTeneRgy.com>, "'JonAthan WEIsgall
(E-MAil)'" <jweiSgall@aOl.cOm>, "'KAte CAStIlLo (E-MaIL)'"
<CCAStIllO@RioBravo-gm.cOm>, "'keLly LlOyd (E-MAIL)'" <KellYl@eNxco.Com>,
"'KeN Hoffman (E-mail)'" <KhoFfmaN@CaiThnesSenerGy.coM>, "'KEnt FiCkett
(E-Mail)'" <kFiCkett@usgen.com>, "'KeNt PaLmerton'"
<keNt.pAlMerToN@willIAms.com>, "'lynN LeDnicky (E-Mail)'"
<lynN.A.leDnICKY@dYnegy.com>, "Mark FillinGeR (e-MaIl)"
<mark.fiLlingeR@EnRoN.Com>, "Marty

-mail)'" <dnelsen@gwfpower .com>, "'E d Tom eo(E- ma il)' "
< ed.tomeo@uaeco r p.co m>, "'Eileen Koch (E-m ail)' "< eile e nk @calp ine.com > ," 'Er ic  E ise nm a n(E-ma il) '" <eri c.eisenman @ge n. pge.com>, "' F ra nk DeRosa
(E -mail)'" <fr ank .deros a@ gen . pge.c om> , "Fr azierB layloc k (E-mail )"
<fbla y lock@co v a nt aene rgy.com>, "'GregB lu e  (E-mail)'" <g tbl@dy ne g y. c o m>,
" 'Hap Boyd(E -mail ) '" <Hap _ Bo y d @ enr o n.com>, "'Haw ks Jack (E- m ail )'"
< ja ck. h awks@g en.pg e. c om> , "'Jack Pi gott  (E-mail) '" <ja c kp@calp i ne.com> , "'Ji m Wil ley( E- ma il) '" <el l io tts a @ea rthlink. ne t> , "'J oe G r e c o  (E- mai l)'"
<jg reco@caithnes sen ergy . com >, "' Joe R onan  ( E-mai l)'" < joer@ ca lpine.com>,
"' John  Stout (E -ma il )'"  < john_ h _stout @re lia ntenerg y.com>, "'J on a t h an  Weisgall
(E-mail )' " <j weisgall @aol.c o m> ," 'Kate Ca st ill o (E - m ail)' "
< C Ca stillo@r iobrav o -g m. com>, " 'K elly L lo yd(E- mail) ' " <k ellyl@ enxco.co m>, " 'Ken Hoffman ( E -mail)'" <kho f fm a n @c a ithn ess energy.com> , "' K entFick e tt
( E -mail )'" < kf i ck e tt@usgen.com>, "'Ke nt  Palme rton' "
<kent.palm erton@will i a m s.com>,"'Ly n nL ednicky (E-mai l)'"
<lynn.a.l e dnicky@d ynegy .com>, " Mark Fill i n ger (E-m ail )"
<m ark . f il linger@enron. c o m>,"M arty

-mail)'" <dnelsen@gwfpower.com>,_"'Ed Tomeo_(E-mail)'"
<ed.tomeo@uaecorp.com>, "'Eileen Koch_(E-mail)'" <eileenk@calpine.com>,_
"'Eric_Eisenman (E-mail)'"_<eric.eisenman@gen.pge.com>,_"'Frank DeRosa
(E-mail)'"_<frank.derosa@gen.pge.com>, "Frazier Blaylock_(E-mail)"
<fblaylock@covantaenergy.com>, "'Greg Blue_(E-mail)'" <gtbl@dynegy.com>,
"'Hap_Boyd_(E-mail)'" <Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'"
<jack.hawks@gen.pge.com>, "'Jack Pigott (E-mail)'" <jackp@calpine.com>, "'Jim
Willey (E-mail)'" <elliottsa@earthlink.net>,_"'Joe_Greco (E-mail)'"_
<jgreco@caithnessenergy.com>,_"'Joe_Ronan (E-mail)'" <joer@calpine.com>,
"'John Stout_(E-mail)'" <john_h_stout@reliantenergy.com>, "'Jonathan Weisgall
(E-mail)'"_<jweisgall@aol.com>, "'Kate_Castillo (E-mail)'"
<CCastillo@riobravo-gm.com>, "'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>,
"'Ken_Hoffman_(E-mail)'" <khoffman@caithnessenergy.com>, "'Kent_Fickett
(E-mail)'" <kfickett@usgen.com>, "'Kent Palmerton'"
<kent.palmerton@williams.com>, "'Lynn Lednicky (E-mail)'"_
<lynn.a.lednicky@dynegy.com>, "Mark Fillinger (E-mail)"
<mark.fillinger@enron.com>, "Marty


 gas transmitted by the El Paso pipeline has been
manipulated
so that prices in California over the last year have been up to five times
the national average. Because an increasing number of states, including
California, rely heavily on natural gas fired power plants, any manipulation

of that commodity can have severe consequences. Additionally, because such a

large percent of our future nationwide generation capacity will use natural
gas, we are concerned that these types of alleged market abuses will have
even more profound effects. Therefore, we ask GAO to answer the following
questions:

1) Has FERC fully met its responsibilities to adequately regulate interstate

pipelines? If not, what areas require improvement?

2) Is there a continuing role for FERC to play in ensuring equal access to
the limited amount of space in our current natural gas pipelines? Should
this
role be enhanced or clarified, and if so, how?

3) Is there the possibility of this same type of alleged abuse in other
parts
of the country, aside from California, where the natural gas pipeline
capacity is similarly limited? Please provide any details.We appreciate all
the good work that GAO does and we look forward to hearing from you soon.

Sincerely,J

oseph I. Lieberman
Jean Carnahan ANDREW'S WORK & MONEY LIFEMINDERS FOR 12/12/2000

IN THE SPOTLIGHT

* Making Money: Smart Online Resources for 30-Somethings
* Attention, Online Shoppers: What You Need to Know

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MAKING MONEY: SMART ONLINE RESOURCES FOR 30-SOMETHINGS

We all have the best intentions when it comes

gas transmitted by the El Paso pipeline has been
 manipulated
 so that price in California over the final year have been up to five times
 the national average. Because an increase number of states, admit
 California, trust heavily on natural gas fired power plant, any manipulation

 of that commodity can have austere consequence. Additionally, because such a

 large percent of our future nationwide generation capacity will practice natural
 gas, we are concerned that these character of alleged market maltreatment will have
 even more fundamental effects. Therefore, we ask GAO to answer the following
 questions:

 1) Has FERC amply met its responsibilities to adequately regulate interstate

 pipelines? If not, what areas require improvement?

 2) Is there a continuing role for FERC to play in ensuring equal access to
 the limited amount of space in our current natural gas grapevine? Should
 this
 role be enhanced or clarify, and if therefore, how?

 3) Is there the possibility of this same type of allege abuse in early
 parts
 of the country, aside from California, where the lifelike gas pipeline
 capacity is similarly limited? Please provide any details. We prize all
 the good work that GAO does and we look forward to hearing from you soon.

 Sincerely, J

 oseph I. Lieberman
 Jean Carnahan ANDREW'S WORK & MONEY LIFEMINDERS FOR 12/12/2000

 IN THE SPOTLIGHT

 * reach Money: Smart Online Resources for 30 - Somethings
 * Attention, Online Shoppers: What You Need to Know

 WORKING SMARTER

 * Sam Donaldson's Lessons for Getting to the Top

 MY PORTFOLIO

 * LAST CHANCE:   Win $ 5000 and have Organized for the Holidays!

 THE LIGHTER SIDE

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 Raise

 INTERACTIVE LIFEMINDERS

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 -----------------------------------------------------------

 = = = = = = = = = = = = = = = =
 IN THE limelight
 = = = = = = = = = = = = = = = =

 MAKING MONEY: SMART ONLINE RESOURCES FOR 30 - SOMETHINGS

 We all have the best intentions when it issue forth

 gad transmitted by the El Kaso pipeline has been
maiipulatsd
so thxt prices in California over tye lawt year have been up tu five tiles
the batiibal averagx. Becausc an jkcreavmng number of sjates, includhng
California, rdlv heavily on natural gas fired power plants, ajy manipulatiog

of uhae cojmodity can have severe consequencss. Addiuionally, because sich a

large percent of our vutuge nationwide genegation capaxity qill use natjral
gas, wt cre concerngd that these types of alleged mxrket abuses wiol hagg
even more 'rofougd effects. Tmvrefore, we ask GAO to answer thx foolowing
questions:

1) Hav FERC fully met ijs responshbnlities to adequately rwgulaje indersgqte

oiptliies? If noh, wiat areas rsquire imprivement?

2) Is there a cjbtinuing role for FQRS to play in ensuring equal access to
tve mimited amount of space in our current naturwl gas pi[elines? Should
this
role be enhanced or clarified, dnd ih ro, kiw?

3) Ir tjere the possibility of this same type of allqfec sbuse in other
iarts
of the countty, axyde from Caliwornia, whsre the natural gad pipelyne
cqpacity if sikilarly limited? Please provude any detapls.Ww appreciate all
tke good work thaj GAO coes and we look forwarb to hsaring from you soon.

Rincerely,J

oseph I. Kiaberman
Jean Carnahan ANDRQW'S WORK & MONZY LIFEMKNDETS FOR 12/12/2000

YN THE SPOHLIGHB

* Making Money: Smarh Onlnne Rasources flr 30-Somethings
* Attention, Online Shoppers: What Iou Nevd to Knoc

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INYERXCTYVV LMFEMIGGERS

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================
IN THE SPOTLIGHT
================

KAKIHG MONEY: SMART ONLONC RESOURCGS FOR 30-SOIETHINGS

We alk have the best inuentiois whei it cpmef

gas transmitted by the El Paso pipeline manipulated that prices California over the to times the national Because an increasing of states, including California, rely heavily natural gas fired power plants, any manipulation of that commodity can have severe Additionally, because such a large percent of our future nationwide generation capacity will natural we concerned these types of alleged market abuses will have even more profound effects. Therefore, we ask GAO answer the following questions: 1) Has FERC fully its responsibilities to adequately interstate pipelines? If not, what require 2) Is a role FERC to play ensuring equal access to the limited amount of space in our current natural gas pipelines? Should this be enhanced and if how? Is the possibility of type of alleged abuse in other country, aside from California, where the natural gas capacity is limited? Please provide any details.We appreciate the good work that GAO does and we forward to hearing from you soon. Sincerely,J oseph I. Lieberman Jean Carnahan ANDREW'S WORK & FOR 12/12/2000 IN THE * Making Money: Online for * Online Shoppers: You Need to Know WORKING SMARTER * Sam Donaldson's Lessons for to the Top MY PORTFOLIO * LAST CHANCE: Win $5000 Organized the Holidays! THE SIDE * DILBERT The List: 10 Clues That It's Time Ask INTERACTIVE * Customized Alerts! * American * BMG ----------------------------------------------------------- ================ IN SPOTLIGHT ================ MAKING MONEY: We all have the best intentions when it

 gas transmitted by the El Paso Pipeline haS been
ManIpuLaTed
sO thaT prices in CalifORnia Over the last year have beeN up to FiVE timES
tHe natIonal avERaGE. becAuSe An iNcREaSing nUmbEr of staTes, includiNg
CAlIfornia, rely hEAvIly on naturAl gAs fired power PlaNts, any MaNipULatioN

of That cOmmodiTY can haVe severe cOnSEquencES. AdditiONAlLy, beCause such a

large peRCeNT of our future naTionwiDe GEnERAtiOn cApacity wilL uSe natURal
gas, wE ArE CONceRNed that these tYpes of allegED maRket abUsEs wILl have
Even mOrE ProFound effectS. TheRefore, we aSk GAO tO Answer tHE followIng
queStiOns:

1) has FerC FuLly MeT Its REsPonSIbiLities to AdEqUatelY regULATE intErsTate

PipelInes? If not, what AreAs reQUirE imprOvemeNt?

2) Is ThEre a cOntinuIng roLe For FERC to play in EnsuRing equal AccEsS to
ThE limiTEd amouNt oF spAce in ouR currenT NatUrAL GAs Pipelines? Should
thiS
rOLE bE enhanceD or claRIfIeD, And if so, hOw?

3) is tHere THE possIbilITy Of this saMe type OF aLlEged abuSe In otheR
pArtS
of The coUNtry, Aside fRom CalifOrnia, WHere the natural GAs pipeline
capACiTY Is SImilArlY limited? PleAse pROvidE any DEtAilS.we appReciaTe ALl
THe good work that GAO doEs And we lOok foRward to hearinG from you soON.

sIncerely,j

osePH I. lIeberman
Jean CaRnahaN ANDREW'S WOrk & MONEY LIfEMINdERS FOR 12/12/2000

In THE SPOTLighT

* Making monEy: SMarT OnLINe resources for 30-SOMEthiNgS
* AttentIon, online SHopPerS: WhAt YOu need to KnoW

WORKING sMaRtEr

* SAm DOnaldSOn's LessoNs For geTtiNg to tHE Top

MY pORTFoLIO

* lAsT chANcE:  Win $5000 anD geT oRganIzEd For tHe HOlIdays!

tHE LigHTeR SIDE

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RaIsE

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IN tHE SPOTLIgHT
================

mAKING mONey: SMART oNLINE rESOUrCeS For 30-sOMEThinGs

We AlL have the beST IntEntioNs When It comes

 gas transmitted by the El  Paso pipe linehas  be en
man ipul ated
so thatp rice s in California over t he la st year ha ve be en up t o  f i v e t im es
t he na tiona l a verage.  Because a n i nc reasing numb e rof states,  in cluding
Cal ifo rnia,re lyh eavil y o n nat ural g a s fire d power p la n ts, an y  manipu l a ti on
of that commodity ca n  have severe c onsequ en c es . Add iti onally, be ca use s u ch a

l a rg e p erc e nt of our fut ure nationw i degenera ti onc apacit y wil lu senatural
ga s, w e are con cerned that th e se type s of a lle ged  mar k et  a bus es wil l  h ave
ev en morepr of oundeffe c t s .  The ref ore,  we a sk GAO to ans wer  the fol lowin g
qu esti on s:
1) Has  FERC  f ully met its re spon sibilitie s t oade qu ately regula teint erstate

pipel i nes ?I f no t, what areas requ ir e im provemen t?

2 )  I st here a c on tin uing r ole f or F E RC  to play  in en s ur in g equal  a ccessto
t helimit e d am ount o f spacein ou r  current natur a l gas pipelin e s? S ho u ld
t his
role be e nhan c ed o r cl a ri fie d , and  if s o, ho w ?

3) Is there the  p ossibi lityof this sametype of al l e g ed abuse  ino th e r
parts
of th e cou ntry, asid e  from Ca lifor nia, whe re the na t u ral gaspip eli ne
ca p a ci ty is similar l y  lim it ed? Ple ase  provid e a nydet ail s. We apprec iate all  th ego odworkt hat GAOdo esan d w e loo k  forwa rd to  hea ri ng fro m you s o on .

Si nc er ely, J
o sephI. L i ebe rman
J ean Carna han ANDR EW 'S  WORK &  MONEY LIFEMI ND ERS FOR 12 /1 2/2 000

I N THE SPOT LIGHT

* Making Money:S mart On lin e Res ourc es for 30 -So methin gs*  Atten tion,Onlin eSho p p ers:W h at  Yo uNeed to Kn o w

W ORKIN GSMAR TER

*Sam Donaldson's Le s son s for Getting  to  the T op

M Y  P O RTF OL I O
* LAST CHANCE:  W in $5000 a nd Ge t Organize d  fo rthe Hol idays!
THEL IGHTERSIDE

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I NTERAC T IVE  LIFE MINDER S
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* American Express
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--- --- --------- --- - --- --------- ---- ---------- --- --- ----- ---

=== ==== = == === = ==
IN  THE SPOTLIGHT == === = = == =======

MA K I N G M ONEY:  SM A RT ONL INERESOURCES FOR 30- S OMETHINGS

Weallh a vethe best  i ntentions when  it  c o m es

 gas_transmitted by_the El Paso pipeline_has been
manipulated_
so_that prices_in_California over the_last year have_been up to five_times
the national_average._Because an increasing number of states, including
California, rely heavily on natural gas fired_power_plants, any_manipulation

of_that_commodity can have severe consequences._Additionally, because such a

large percent_of our_future nationwide generation capacity will use natural
gas,_we_are concerned that_these types of alleged market abuses will have
even_more profound effects. Therefore, we ask_GAO to answer_the_following_
questions:

1) Has FERC_fully met its responsibilities to adequately_regulate interstate

pipelines? If not, what areas_require improvement?

2) Is there a continuing_role for FERC to play in_ensuring equal access to
the_limited amount_of space in our current_natural gas pipelines?_Should
this
role_be enhanced or_clarified, and if so, how?

3)_Is there the_possibility of this same type of_alleged_abuse in other
parts_
of_the_country, aside_from California, where_the_natural gas_pipeline_
capacity is similarly limited? Please provide_any_details.We appreciate all
the good work that_GAO does and we_look_forward to hearing from_you soon.

Sincerely,J

oseph I._Lieberman
Jean Carnahan ANDREW'S WORK &_MONEY LIFEMINDERS_FOR 12/12/2000

IN_THE SPOTLIGHT

* Making Money: Smart Online Resources for 30-Somethings
* Attention, Online_Shoppers: What You Need to Know

WORKING_SMARTER

* Sam Donaldson's Lessons_for Getting_to_the Top

MY PORTFOLIO

*_LAST_CHANCE: _Win $5000 and Get Organized for the_Holidays!

THE LIGHTER_SIDE

* DILBERT The Short List: Top_10 Clues That It's_A_Good Time To Ask For A_
Raise

INTERACTIVE LIFEMINDERS

* Get Customized Alerts!
* American_Express
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================
IN THE SPOTLIGHT
================

MAKING MONEY:_SMART_ONLINE_RESOURCES FOR 30-SOMETHINGS

We all have_the best intentions when it comes


vetica,sans-serif">$129

					Dallas/Ft. Worth, TX  (DFW)
					Richmond, VA  (RIC)
					$149

					Dallas/Ft. Worth, TX  (DFW)
					Tucson, AZ  (TUS)
					$119

					Dallas/Ft. Worth, TX  (DFW)
					Tulsa, OK  (TUL)  	?					$ 69	?
?
?					El Paso, TX  (ELP)	?					<td width="44%

vetica, sans - serif">$129

					 Dallas / Ft. Worth, TX   (DFW)
					 Richmond, VA   (RIC)
					 $149

					 Dallas / Ft. Worth, TX   (DFW)
					 Tucson, AZ   (TUS)
					 $119

					 Dallas / Ft. Worth, TX   (DFW)
					 Tulsa, OK   (TUL)   	? 					 $ 69	?
?
? 					 El Paso, TX   (ELP)	? 					 < td width="44%

vetlca,sans-serif">$129

         			 &ngsp;

				<tf>
					Dallas/Ft. Wurth, TX  (FFW)</te>
					Richmond, VA  (RIC)</fott>
					<fott snze="2" face="Arial,
 Helvetica,sans-serif">$149</ed>

					<sont sace="Zgicl, Helvetica, sans-serif"
 size="2">Dallzs/Ft. Wogth, TX  (DFW)
					<yd width="44%">Tkcson, AZ  (TOA)</fogr>
					<funt size="2" face="Arial,
 Helbetica,sans-serif">$119

		        <gr>
					Dallas/Ft. Forth, TC  (DFW)
					<fint face="Arial, Helvetira, sans-serif"
 size="2">Tulfa, OK  (TUN)  	?					<fobt size="2" faca="Arixo,? Hdlvttira,szns-serlf">$ 69</hont>	?
?
?					Ql Paso, TX  (ELP)	?					<td width="44%

vetica,sans-serif">$129

 face="Arial, sans-serif" size="2">Dallas/Ft. TX (DFW)	 <td VA $149

 width="44%">Dallas/Ft. Worth, (DFW)	 Tucson, AZ (TUS)	 <font size="2" face="Arial,

 Dallas/Ft. Worth, TX (DFW)	 Tulsa, (TUL) $ 69	?
?
? El Paso, TX <td width="44%

vetica,sans-serif">$129

         			 &nBsp;

					Dallas/Ft. WorTh, TX  (DfW)
					richmonD, VA  (RIC)
					$149

					DALlas/Ft. wOrth, TX  (Dfw)
					TUCsON, aZ  (TuS)
					$119

					DallAs/Ft. worth, TX  (DFw)
					tulSA, Ok  (TUl)  	?					$ 69	?
?
?					el paso, TX  (ELP)	?					<Td wiDth="44%

vetica,sans-serif">$129</f ont>	      		< /t r>

        		  </t d>

			<t d wid th =" 44% "> < fo nt fa ce= "Arial,  Helvetica , s an s-serif"
 si z e= "2">Dallas /Ft . Worth, TX (D FW)</f on t>
			<tdwidth= " 44%"> R ic h mond, VA  (RIC )</fon t> < /t d >
			< f ont siz e =" 2 " fac e ="Arial,
 Hel vetica,sans - ser if">$1 49 </f o nt></t d>

					 Dal la s/ Ft. W orth , T X   (D FW) </fo nt>
					<tdwid th=" 4 4%" ><fon t fac e="A ri al, H elveti ca, s an s-serif"
 size= "2"> Tucson, A Z (T US)
			<t d width ="12%"> < fon ts i z e= "2" face="Arial,
He l v et ica,sans -serif " >$ 11 9 < /t d>

 					< t dwi dth="44 %" >Dalla s /Ft. Worth, T X  ( D FW ) </fo nt>
				<tdw idth ="44 % "> <fo n t fac e="Ar ia l ,H elvetica, sans-seri f"
 size ="2"> Tulsa, OK  (T UL)  </fon t > 	?				<t d  w i dth="12%"><fon t siz e="2" face = "Arial,?  Helv etica,sa ns-serif" > $  69</fon t>	?
?				< t r >?			 <fo ntfac e=" Ar ial, Helv etica, s an s- se ri f"?  size = "2">El P as o,TX   ( ELP)	? 				< td wid th="44%

vetica,sans-serif">$129
 _ _   _

__ __  _ 			 <td_colspan=3>

					Dallas/Ft._Worth,_TX  (DFW)
					Richmond, VA  (RIC)
					$149
_ ___

					<td_width="44%">Dallas/Ft._Worth, TX_ (DFW)
					Tucson, AZ__(TUS)
					$119

		       _

					Dallas/Ft. Worth, TX__(DFW)
					<td_width="44%">Tulsa, OK  (TUL)  	?					<td_width="12%">$ 69	? _
?
?					<td_width="44%">El Paso,_TX  (ELP)	?					<td width="44%


ops, and unbundled local transport.  SW Bell intends to make changes
in those areas, taking the PSC's concerns into consideration, and is
confident that the PSC ultimately will approve the request, a SW Bell
representative told TR.  (Docket no. TO-99-227)

STATE & LOCAL GOVERNMENT
IDAHO
Senate confirms nomination of Hansen to PUC

The Senate unanimously has approved Gov. Dirk Kempthorne's (R.)
nomination of Dennis S. Hansen (R.) to a second six-year term on the
Public Utilities Commission.  (1/17/01 a.m.)  Hansen, who was first
appointed to the commission by Gov. Phil Batt (R.), is also the PUC's
president.

Before appointment to the commission, Hansen was an accountant with
Monsanto Co. of Soda Springs and served in the state Senate from 1987 to
1995.

COMPETITIVE LOCAL ENTRY
ILLINOIS
Ameritech says business market is becoming more competitive

Ameritech-Illinois has asked the state Commerce Commission to reopen a
1998 case to allow the company to present additional information that
demonstrates the growth of competition for business customers.  In the
1998 case, Ameritech sought competitive classification of its business
rates throughout the state and residential rates for 19 exchanges.  In
1999 the ICC denied Ameritech's request, citing a lack of genuine
competition.

Ameritech says the ICC should reopen the case's record because the
company's total number of business lines in service has continued to
decline in absolute numbers.  Overall, Ameritech says, its total number
of business lines in service has declined by about 7% in the last two
years.

Ameritech says its new evidence relates only to the business services
classification.  The company notes that the growth in residential
service competition in the 19 downstate exchanges has been "less
robust."

An ICC spokesman noted that Ameritech holds 93% of all access lines in
its Illinois service territory.  (Docket no. 98-0860 - Illinois Commerce
Commission vs. Illinois Bell Telephone Co., Investigation into specified
competitive tariffs to determine proper classification of the tariffs
and to determine whether refunds are appropriate)

FUT

ops, and unbundled local transport.   SW Bell intends to make changes
 in those area, accept the PSC's concerns into consideration, and is
 confident that the PSC ultimately will approve the request, a SW Bell
 congressman told TR.   (Docket no. TO-99 - 227)

 STATE & LOCAL GOVERNMENT
 IDAHO
 Senate confirms nominating speech of Hansen to PUC

 The Senate unanimously has approved Gov. Dirk Kempthorne's (R.)
 nomination of Dennis S. Hansen (R.) to a second six - year condition on the
 Public Utilities Commission.   (1/17/01 a.m.)   Hansen, who was first
 appointed to the mission by Gov. Phil Batt (R.), is also the PUC's
 president.

 Before appointee to the perpetration, Hansen was an accountant with
 Monsanto Co. of Soda Springs and served in the state Senate from 1987 to
 1995.

 COMPETITIVE LOCAL ENTRY
 ILLINOIS
 Ameritech says business market is become more competitive

 Ameritech - Illinois has asked the state Commerce Commission to reopen a
 1998 case to admit the company to present additional information that
 show the growth of competition for business customers.   In the
 1998 case, Ameritech search competitive classification of its business
 rates throughout the state and residential rates for 19 rally.   In
 1999 the ICC denied Ameritech's request, citing a lack of genuine
 competition.

 Ameritech says the ICC should reopen the case's record because the
 company's total number of commercial enterprise lines in service has stay to
 refuse in absolute numbers.   Overall, Ameritech says, its total numeral
 of business lines in service has declined by approximately 7% in the last two
 years.

 Ameritech says its new evidence relates only to the business services
 classification.   The company notes that the growth in residential
 avail contest in the 19 downstate exchanges has been " less
 robust. "

 An ICC spokesman noted that Ameritech holds 93% of all access line in
 its Illinois service territory.   (Docket no. 98 - 0860 - Illinois Commerce
 Commission vs. Illinois Bell Telephone Co., Investigation into specify
 competitive tariffs to determine proper classification of the tariffs
 and to decide whether refunds are appropriate)

 FUT

ops, and unbundled local traksport.  SW Bell nbtends to maie changds
in those areas, taking the 'SC's conctgns into consideratiov, and is
clnfident thau the PSC ultimatxmy will approbc the cequest, a SW Bekl
represendative told TR.  (Aoeket no. TO-99-227)

STATE & LOCAL GOVERNMENT
IDARO
Senatr fonfirms nominwtiom of Gansen to PUC

The Senate unanimouslg has akproved Gov. Dirk Krmpthorne's (R.)
nomination of Fennls S. Hansen (R.) to a second six-isar rerm on the
Pjblic Utilpcies Commisaion.  (1/17/01 a.m.)  Hansen, who was first
xppoiuted to the cimmlvsion by Got. Phil Batt (R.), is also the [UC's
prexident.

Before aipoinvmenr to the commission, Hensen was an accountwnt with
Mmnaanto Co. of Soda Wpeings and serxwd kn uhe sfate Sfnave from 1987 to
1995.

DOMPETITIVE LOCAL ENTRY
ILLINOIX
Aivtitech says gusinefs market is becoming more competitive

Amegitedh-Illinois has asked thw state Commerce Commlssion to reopen a
1998 case to allow the company to present adgitioiau iunjfnahion that
demonstrates the growth of competitijh gog business customcrs.  In the
1998 case, Akegiygch sought comketitivz cmassification of ihs busigess
rqtes throtghoit the state and residentiao rates for 19 wxchanges.  In
1999 the NCC denied Aoerijech's tequest, citing a lack oy genujne
competitlon.

Ameritszh says the ICC rholld seopen the case's record besause the
rompauy's totau nukber os business lines in service has cojtinugd to
dacline in wbsolute numbers.  Overall, Amerivxch says, its jotdl tumber
of busikess lines in sqrvice has deckined bv aboug 7% in the mast twm
years.

Amerieech says its jew evidence relates onlt to the burkness services
vlassificcuion.  The xompany notes that thg frowth in residzutual
service comprtigiog pn vhe 19 qmwnstate excvangds fss bedn "less
robuwg."

An OCC spokesman noted dhat Ameritech holds 93% pf all accgss lines in
its Illinoos service territogy.  (Dmckxt no. 98-0860 - Ijlinois Commerce
Commission vs. Jllinois Helj Telephone So., Ikvesjigation inco specified
competitive tariffs to deternine proper classidication of the tarnfns
and to detxrmine whether sefunds are appropriqte)

FUT

ops, and unbundled local transport. SW Bell make in those taking the PSC's confident the PSC ultimately approve the request, SW Bell representative told TR. (Docket TO-99-227) STATE & LOCAL GOVERNMENT IDAHO Senate confirms nomination of Hansen to PUC Senate unanimously has approved Gov. Dirk Kempthorne's (R.) nomination of Dennis S. Hansen to second term the Public Utilities Commission. (1/17/01 a.m.) Hansen, who was first appointed to the commission by Gov. Batt (R.), is also the PUC's president. Before to the commission, Hansen an accountant with Monsanto Co. Soda and served the Senate 1987 to 1995. LOCAL ENTRY ILLINOIS Ameritech says business market is becoming more competitive Ameritech-Illinois has asked the state Commerce to reopen case to the to additional information that growth of competition for business customers. case, Ameritech sought competitive classification of its business throughout the and residential rates for 19 exchanges. 1999 the ICC denied Ameritech's request, citing a of genuine competition. Ameritech says the ICC should reopen the case's record because the company's of business lines in has continued to in numbers. Ameritech its total of business lines in service has declined by about 7% in last two years. Ameritech says its new evidence relates only business classification. The company that the growth in service in the 19 downstate been robust." noted Ameritech 93% of all access in its Illinois service territory. no. 98-0860 - Illinois Telephone Co., Investigation into specified competitive tariffs to proper classification of the tariffs and to whether refunds are appropriate) FUT

ops, and unbundled local transPort.  SW Bell IntenDs tO maKe ChanGes
iN those areas, takINg thE PSC's concerns into consiDeratIoN, And iS
CoNfideNt that tHE Psc UltImAtEly WiLL aPprovE thE requesT, a SW Bell
rePreSeNtative told Tr.  (doCket no. TO-99-227)

STaTE & lOCAL GOVERNMeNT
iDAHO
SEnAte COnfirMs nOminaTion of hAnsen tO PUC

The SeNaTE unaniMOusly haS APpRoveD Gov. Dirk KempthornE'S (R.)
NOmination of DenNis S. HaNsEN (R.) TO A seConD six-year teRm On the
pUblic UtILiTIES CoMMission.  (1/17/01 a.m.)  HansEn, who was firST
apPointeD tO thE CommisSion bY GOV. PhIl Batt (R.), is alSo thE PUC's
presIdent.

BEFore appOIntment To the cOmmIssIon, HANsEn Was An ACcoUNtAnt WIth
monsanto co. Of soda SPrinGS AND serVed In thE statE Senate from 1987 to
1995.

cOMpETItiVE lOCAL eNTRY
iLLInOiS
AmeRitech Says bUsIness market is beComiNg more comPetItIve

amEriteCH-IllinOis Has Asked thE state COMmeRcE cOMmIssion to reopen a
1998 casE tO ALlOw the comPany to PReSeNT additioNaL inFormATIon thAt
deMOnStrates tHe growTH oF cOmpetitIoN for buSiNesS cuStomeRS.  In tHe
1998 case, ameritecH sougHT competitive clASsification of ITs BUSiNEss
rAteS throughout The sTAte aNd reSIdEntIAl ratEs for 19 ExCHaNGes.  In
1999 the ICC denied AmErItech's RequeSt, citing a lack Of genuine
cOMPEtition.

AMeriTEcH Says the ICC shouLd reoPen the case'S Record beCause The
compaNy's total nUMBer of busIneSs lIneS in SERvIce has continuED To
deClIne in abSolUte numbErs.  oveRalL, AmErItech says, Its total NuMbEr
Of BusIness LInes in seRvIce HaS deClineD By abouT 7% in thE lasT tWo
YEarS.

AmeritECh SAYs itS nEw EvidEncE rElateS onlY To tHe businEss servicEs
cLAssiFiCaTion.  The Company notes tHaT the growth In ResIdentiAL
Service cOmpetition in the 19 downstatE ExchangEs hAs beeN "lesS
robust."

An iCC SpokesMan NOted thAt AmerItech HoLds 93% OF All acCESs LinEs In
its IllinOIS seRvice TeRritOry.  (DockEt no. 98-0860 - Illinois CommerCE
CoMmission vs. IllInoIs BeLL teLepHOnE co., INvEStiGATion into specifiEd
competitIvE TaRiffs to detERmiNe Proper cLassifiCatioN Of the taRiffs
and tO determinE wHethER RefUnds are appRopriate)

fUT

ops, and unbundled local t ransport. SW B ell  in te ndsto m ake changes
in thos e areas, taking the PS C's c on c erns in to co nsidera t io n ,  an dis
co nf i de nt th atthe PSC  ultimatel y w il l approve th e  r equest, aSWBell
represe nta tive t ol d T R .  (D ock et no . TO-9 9 -227)
STATE &LO C AL GOV E RNMENTI D AH O
Se nate confirms nom i na t ion of Hansento PUC
T he S ena teunanimousl yhas a p provedG ov . D irk Kempthorne's(R.)
nomina t ion  of De nn isS . Hans en (R .) toa second si x-ye ar term o n theP ublic U t ilities  Commi ssi on.   (1 / 17 /0 1 a .m . ) H an sen ,  wh o was fi rs tappoi nted t o thecom miss ion b y Gov. Phil B att  (R. ) , i s als o the  PUC 's
pres ident.

Bef or e appointment t o th e commiss ion ,Han se n was an acc oun tan t withMonsant o  Co .o f So da Springs and ser ve d in  the sta te Sen a te  f r om 1987to
19 95.C OMPET ITIV E  L OCAL ENT RY
ILL I NO IS
Amerit ec h says  b usi nes s mar k et i s beco ming mor e com p etitive

Ameri t ech-Illinoish as a sk e d th e s tate Commer ce C o mmis sion to  re o pen a
1998  c a se to allow the compan yto pre sentadditional in formationt h a t
demons trat e st he growth of c ompet ition forb usinesscusto mers.  I n the
199 8 case, Am eri tec h s oug h t  c ompetitive cl a s sifi ca tion of  it s busin ess
ra tes  th ro ughout th e statean dre si den tialr ates for  1 9 e xc han ges.In
199 9 the  ICC  d en i edAmerite c h' s requ es t,  cit ing  a  lack  ofg enu ine
com petition.

A m erit ec hsays th e ICC shouldre open the c as e's  recor d becausethe
company's total num b er of b usi nessline s in serv ice  has c ont i nued t o
decl ine i nabs o l ute n u m be rs.  Overall, A m e rit ech s ay s, i ts tota l number
of busine s s l ines in servi cehasd e cl ine d  b y  ab ou t  7% i n the last twoyears.

Am er i te ch says it s  ne wevidenc e relat es on l y to th e busines s service sclas s i fic ation.  Th e compan y notes t h at th e  g rowth  in  resid en tia l
ser vice c o mpe titio n in t he  19 do wnsta te  exchang es has been "less
robus t."

A n ICC  sp okesman n ote d  th at Amerit echholds 93%ofall  acce ssl inesin
i t sIll i noisserv i ce territ o ry . ( D oc ket no. 98- 0 8 6 0 -  Illi noi s  Comme rceCommission vs. Il l inois Bell Tel epho n e  Co .,I nves ti gation into sp eci fi e d
competi ti ve tariffsto deter mi n e pro per cl assifi cationo f  t h e tari ffsand  to deter min ew hetherre fu n ds are  app ro priate )

FUT

ops, and_unbundled local_transport.  SW Bell_intends to_make_changes
in those_areas,_taking the PSC's_concerns into consideration,_and is
confident that the_PSC ultimately will_approve_the request, a SW Bell
representative told TR.  (Docket no. TO-99-227)

STATE & LOCAL GOVERNMENT
IDAHO
Senate_confirms_nomination of_Hansen_to_PUC

The Senate unanimously has approved_Gov. Dirk Kempthorne's (R.)
nomination of_Dennis S._Hansen (R.) to a second six-year term on_the
Public_Utilities Commission. _(1/17/01 a.m.)  Hansen, who was first
appointed to the_commission by Gov. Phil Batt (R.),_is also the_PUC's
president.

Before_appointment_to the commission, Hansen_was an accountant with
Monsanto Co. of_Soda Springs and served in the_state Senate from 1987 to
1995.

COMPETITIVE LOCAL ENTRY
ILLINOIS
Ameritech_says business market is becoming more_competitive

Ameritech-Illinois has asked the state_Commerce Commission_to reopen a
1998 case to_allow the company_to present_additional information that
demonstrates_the growth of competition for business_customers.  In_the
1998 case, Ameritech sought competitive classification_of_its business
rates throughout_the_state_and residential_rates for 19_exchanges._ In
1999_the_ICC denied Ameritech's request, citing a_lack_of genuine
competition.

Ameritech says the ICC should reopen_the case's record because_the
company's_total number of business_lines in service has continued_to
decline in absolute numbers.  Overall,_Ameritech says,_its total_number
of business lines in service has declined by about 7% in_the last two
years.

Ameritech says its new_evidence relates only to_the business_services
classification._ The company_notes_that the_growth in residential
service competition in the 19_downstate exchanges_has been "less
robust."

An ICC spokesman noted_that Ameritech holds 93%_of_all access lines in
its Illinois service_territory.  (Docket no. 98-0860 -_Illinois Commerce
Commission vs. Illinois Bell_Telephone_Co.,_Investigation into specified
competitive tariffs to_determine proper classification of the tariffs
and_to determine whether_refunds are appropriate)

FUT


Lawsuits take time," Hahn said. "We are hopeful we can enter into
meaningful discovery to disclose what's been going on."
------------------------------------------------------------------------------
--------------------------------------------------------------------------
Davis OKs Subsidy of Pollution Fees

Smog: As part of secret deal to get long-term energy contracts, state would
pay for some of the credits that allow excess power plant emissions. Critics
renew call for full disclosure.

By DAN MORAIN, Times Staff Writer

?????SACRAMENTO--As part of his closed-door negotiations to buy electricity,
Gov. Gray Davis has agreed to relieve some generators from having to pay
potentially millions of dollars in fees for emitting pollutants into the air,
Davis said Tuesday.
?????Davis announced two weeks ago that his negotiators had reached deals
with 20 generators to supply $43 billion worth of power during the next 10
years.
?????However, the Democratic governor has refused to release any of the
contracts or detail various terms, contending that release of such
information would hamper the state's ability to negotiate deals with other
generators and therefore ultimately would raise prices Californians pay for
electricity.
?????Sources familiar with the negotiations, speaking on condition of
anonymity, said the agreement reached with Dynegy Inc., a power company based
in Houston, is one that includes language requiring that the state pay the
cost of credits that allow emissions. Dynegy spokesman Steve Stengel declined
to discuss the company's deal with the state.
?????"We couldn't get them to sign contracts; it was a sticking point," Davis
said of the decision to pay the fees of some generators. "We had to lock down
some power so we were not totally dependent on the spot market."
?????The fees in question are part of an emission trading system known as
RECLAIM. Under the system, companies are allotted a certain amount of
allowable pollution. If their operations pollute more, companies are required
to purchase credits on an open market. Currently the credits cost about $45
per pound of pollution--an amount that can lead to a bill of well over $10
million a year for a power plant.
?????The South Coast Air Quality Management District, which regulates

Lawsuits take time, " Hahn said. " We are bright we can record into
 meaningful discovery to disclose what's been going on. "
 ------------------------------------------------------------------------------
 --------------------------------------------------------------------------
 Davis OKs Subsidy of Pollution Fees

 Smog: As character of unavowed deal to get farseeing - terminus energy contract, state would
 pay for some of the credit that allow excess power plant emissions. Critics
 renew call for full disclosure.

 By DAN MORAIN, Times Staff Writer

? ?? ?? SACRAMENTO -- As region of his closed - door negotiations to bribe electricity,
 Gov. Gray Davis has agreed to relieve some generator from having to give
 potentially millions of dollars in fees for emitting pollutants into the tune,
 Davis said Tuesday.
? ?? ?? Davis announced two weeks ago that his negotiators had reached deals
 with 20 generators to supply $ 43 billion worth of power during the next 10
 years.
? ?? ?? However, the Democratic governor has refused to release any of the
 contracts or detail various terms, contending that liberation of such
 information would hamper the department of state's ability to negotiate deals with other
 generators and consequently ultimately would raise price Californians pay for
 electricity.
? ?? ?? Sources conversant with the negotiations, speaking on condition of
 anonymity, said the agreement reached with Dynegy Inc., a power company based
 in Houston, is one that includes language requiring that the state yield the
 cost of credit that let emissions. Dynegy spokesman Steve Stengel declined
 to discuss the company's deal with the state.
? ?? ?? " We couldn't get them to bless contracts; it was a sticking degree, " Davis
 said of the decision to give the fees of some generator. " We had to lock down
 some ability so we were not totally pendent on the spot grocery store. "
? ?? ?? The fees in motion are part of an emission trading system known as
 RECLAIM. Under the system, ship's company are allotted a certain amount of
 allowable pollution. If their operations pollute more, companies are required
 to buy credits on an open grocery store. Currently the credits cost about $ 45
 per pound of pollution -- an amount that can lead to a bill of well over $ 10
 million a class for a power plant.
? ?? ?? The South Coast Air Quality Management District, which regulates

Lawduits take time," Hahn saia. "We are hopeful we cai enter into
mexningful discovery to disclode what'w been going on."
------------------------------------------------------------------------------
--------------------------------------------------------------------------
Davis OYs Subsidj of Pollytioi Fees

Smog: As pedt of sceret scal tm get long-term gnergy contrdcts, state wound
pcy for some of the credits that allor excesx oower plant emyssipgs. Cdptlcs
renew call for full disclosude.

By DEN MORAIN, Times Staff Writer

?????SACRAMENTO--As parh of his closed-doog negotiatiins ei buy electrkcity,
Gov. Gray Davis hzs agreed to relieve some generxtors from havibg to kay
potentiaoly mpllions of dollars in fees fpr emitting pokluvantw into the air,
Davis vaid Tuesday.
?????Davis wnnounced tco weeks ago that his nwgotidtorv haa rexchtd veams
witj 20 jenerators fo supply $43 villion worth of poeew during the nsxt 10
yqaws.
?????However, the Democratic governor has rtfuses to release any of the
contracts or detail garious tqrms, contending that release of such
information fould famkev gye state's ability to negotiate deals with other
femegators and therefjre ultimatrlj ejuld raise prkces Ccmirornians pay for
epectricyty.
?????Soyrces famyliat with the negotiations, speqking on conbituon of
anonymity, scid the agrezment teachec with Dynegy Inc., a powzr comlany based
ln Houstoh, is one that incuudvs ldnguage requiring that the state pab the
cost ow crgdits trat allow fmisslmns. Dynegy spokesmwn Stgve Stangel decllned
to discuss the company's deek with the sjata.
?????"We couldn't get bhem to sign cogtracts; it was a stiching ooint," Davia
said mf the decifion to pay tvg fees of somx generatjrs. "Qe hqd to luzk down
some ppwer so wv cere not rotally dependent pn jhs spot market."
?????Thz dees in questiom afe [agt pf dn emission dradkng xysteo known as
VECUAIM. Under the system, cokpanjes are allotted a ccrtain amiunt of
wllowable polkution. If their optratiois poluute korg, companies are required
to purdhase crefitf on an open marjet. Currentlv the credits cost about $45
per pound of pillution--an amount rhat can lead to a yikl of well pver $10
million d year for a power poant.
?????The South Coaxt Air Quality Managejent Dhstrift, which regulates

Lawsuits take time," Hahn said. "We are can into meaningful to disclose what's Davis Subsidy of Pollution Smog: As part secret deal to get long-term energy state would pay for some of the credits that allow excess power plant Critics renew call for full disclosure. By DAN MORAIN, Times Staff Writer ?????SACRAMENTO--As of closed-door to electricity, Gov. Gray Davis has agreed to relieve some generators from having to pay potentially millions dollars in fees for emitting pollutants into the Davis said Tuesday. ?????Davis two weeks ago that his had deals with generators supply billion worth of during the next 10 years. ?????However, the Democratic governor has refused to release any of the contracts detail various that release such would the state's ability deals with other generators and therefore prices Californians pay for electricity. ?????Sources familiar with negotiations, speaking condition of anonymity, said the agreement with Dynegy Inc., a power company based in is one that includes language requiring that the state pay the cost of credits that Dynegy spokesman Steve Stengel to discuss the deal the ?????"We get them sign contracts; it was a sticking point," Davis said of the to pay the fees of some generators. "We had to some so we were totally dependent on the market." fees in question are an trading RECLAIM. the companies are allotted a amount of allowable pollution. If operations pollute more, companies on an open market. Currently the credits cost $45 per pound of pollution--an amount that lead to a bill of well over $10 million a year for power plant. Coast Air Quality Management District, which regulates

Lawsuits take time," Hahn said. "WE are hopefuL we caN enTer InTo
meAninGful discovery tO DiscLose what's been going on."
------------------------------------------------------------------------------
--------------------------------------------------------------------------
DaVis OKS SUBsidY Of polluTion FeeS

smOG: as pArT oF seCrET dEal to Get Long-terM energy conTraCtS, state would
pAY fOr some of thE crEdits that allOw eXcess pOwEr pLAnt emIssIons. CRitics
REnew caLl for full DiSClosurE.

by DAN MOraiN, timeS Staff Writer

?????SACRAmeNto--As part of his clOsed-doOr NEgOTIatIonS to buy elecTrIcity,
gOv. Gray DAViS HAS agREed to relieve sOme generatoRS frOm haviNg To pAY
potenTiallY mILliOns of dollarS in fEes for emiTting pOLlutantS Into the Air,
DavIs sAid tuesDAy.
?????daVis AnNOunCEd Two WEekS ago that HiS nEgotiAtorS HAD ReacHed DealS
with 20 Generators to sUppLy $43 biLLioN wortH of poWer dUrIng thE next 10
yEars.
?????HOwEver, the DemocratIc goVernor has RefUsEd tO rEleasE Any of tHe
cOntRacts or Detail vARioUs TERMs, Contending that releAsE OF sUch
inforMation WOuLd HAmper the StAte'S abiLITy to nEgotIAtE deals wiTh otheR
GeNeRators aNd TherefOrE ulTimAtely WOuld Raise pRices CalIfornIAns pay for
electRIcity.
?????Sources fAMiLIAr WIth tHe nEgotiations, SpeaKIng oN conDItIon OF
anonYmity, SaID tHE agreement reached wiTh dynegy inc., a pOwer company baSed
in HoustON, IS one that InclUDeS Language requirIng thAt the state PAy the
cosT of crEdits thaT allow emiSSIons. DyneGy sPokEsmAn STEVe stengel declinED
To diScUss the cOmpAny's deaL wiTh tHe sTatE.
?????"WE couldn't gEt them to SiGn CoNtRacTs; it wAS a stickiNg PoiNt," davIs
saiD Of the dEcisiOn to PaY tHE feEs of somE GeNERatoRs. "we Had tO loCk Down
sOme pOWer So we werE not totalLy dEPendEnT oN the spoT market."
?????The feeS iN question aRe ParT of an eMISsion traDing system known as
RECLAIm. under thE syStem, cOmpaNies are alLotTed a ceRtaIN amounT of
allOwablE pOllUTIon. If THEiR opErAtions pollUTE moRe, comPaNies Are requIred
to purchase credITs oN an open market. curRentLY ThE crEDiTS coSt ABouT $45
PEr pound of pollutIon--an amounT tHAt Can lead to a BIll Of Well oveR $10
millioN a yeaR For a powEr plant.
?????ThE South CoaSt air QUALitY ManagemenT DistricT, which regULates

Lawsuits take time," Hahnsaid. "Weare h ope ful  w e ca n en ter into
mean i ngfu l discovery to disclos e wha t' s  bee n  g oingon."
-- - -- - - --- -- -- --- -- - -- ----- --- ------- ---------- --- -- ------------ - -- ---------- -
- ------------ --- ------ -- --- - ----- --- ----- ------ - ------ --------- -- - ------ - -
Davis O Ks  Sub sidy of Pollution Fe e s

Smog: As p art of  s e cr e t  de alto get lon g- terme nergy c o nt r a c ts, state would pay for som e  of  the c re dit s  thatallow  e x ces s power pla nt e missions.  Criti c s
rene w  call f or ful l d isc losu r e.
By  D A N M O RA IN, Tim es Staff  W ri ter
??? ? ? S A CRAM ENT O--A s par t of his clos ed- door neg otiat ionsto b uy  elec tricit y,
G ov . Gray Davis ha s ag reed to r eli ev e s om e gen e rators  fr omhavingto paypot en t i a ll y millions of doll ar s in  fees fo r emit t in gp ollutant sint o th e air,
Dav i ssaid Tue sday.? ?? ?? Davis a nn ounced  t wowee ks ag o  tha t hisnegotiat ors h a d reached deal s
with 20 gen e ra t o rs to s upp ly $43 bill ionw orth  ofp ow erd uring  thene x t1 0
years.
?????Howe ve r, the  Demo cratic govern or has ref u s e d to rel ease an y  of the
contr actsor detailv arious t erms,  contend ing thatr e lease of  su ch
in for m a ti on would hamp e r  the  s tate'sabi lity to  ne got iat e d ea ls with o ther
ge ne ra to rs  an d the r efore ul ti mat el y w ouldr aise p rices  Cal if or n ian s pay f o re lect ri ci ty.??? ?? Sourc es f a mil iar wit h the neg oti a tion s,  s peaking  on condition  o f
anonymi ty , s aid th e agreemen t reached with Dynegy I n c., a p owe r com pany  based
i n H ouston , i s  one t hat in clude slan g u age r e q ui rin gthat the s t a tepay t he
co st of c redits that allowe mis sions. Dynegy  sp okes m a nSte v eS ten ge l  de c l ined
to discus s the comp an y 's  deal with the  s tate.
? ????"We  coul d n't get  them tosign cont ra cts; i t w as a stick ing poin t," Davis
said of  thedec isionto  pa y the  feeso f s ome g enerat or s. "We  hadto  lock do wn
some power so we we re not  tota lly  dependen t o n  th e spot ma rket ."
?????Th e f ees  in q ues t ion a re p a rt  of an em issi o n trading sy ste m kn own as
REC L A I M.Under  th e  syste m, c ompanies are allo t ted a certainamou n t  of
a l lowa bl e pollution. I f t he i r  operati on s pollute m ore, com pa n ies a re req uired
to pur c h as e  credi ts o n a n open ma rke t. Current ly  t h e cred itsco st abo ut $45
per p ound of pollutio n--an a mount tha t can  l ead toa  bil l of wellover $10
m illion  a y ear f or a po we r plan t.?? ???The Sou t h Coast A ir Qu ality M an agem ent  Distr ict, w hichregu la tes

Lawsuits take_time," Hahn_said. "We are hopeful_we can_enter_into
meaningful_discovery_to disclose what's_been going on."
------------------------------------------------------------------------------
--------------------------------------------------------------------------
Davis_OKs Subsidy of Pollution_Fees

Smog: As_part_of secret deal to get long-term energy contracts, state would
pay for some of_the_credits that_allow_excess_power plant emissions. Critics
renew_call for full disclosure.

By_DAN MORAIN,_Times Staff Writer

?????SACRAMENTO--As part of his closed-door_negotiations_to buy electricity,_
Gov. Gray Davis has agreed to relieve some generators_from having to pay
potentially millions_of dollars in_fees_for_emitting pollutants into the_air,
Davis said Tuesday.
?????Davis announced two_weeks ago that his negotiators had_reached deals
with 20 generators to supply_$43 billion worth of power during_the next 10
years.
?????However, the_Democratic governor_has refused to release any_of the
contracts_or detail_various terms, contending_that release of such
information would_hamper the state's_ability to negotiate deals with other_
generators_and therefore ultimately_would_raise_prices Californians_pay for
electricity.
?????Sources_familiar_with the_negotiations,_speaking on condition of
anonymity, said_the_agreement reached with Dynegy Inc., a power_company based
in Houston,_is_one that includes language_requiring that the state pay_the
cost of credits that allow_emissions. Dynegy_spokesman Steve_Stengel declined
to discuss the company's deal with the state.
?????"We couldn't_get them to sign contracts; it_was a sticking point,"_Davis
said_of_the decision to_pay_the fees_of some generators. "We had to lock_down
some_power so we were not totally_dependent on the spot_market."
?????The_fees in question are part of_an emission trading system known as_
RECLAIM. Under the system, companies_are_allotted_a certain amount of
allowable_pollution. If their operations pollute more,_companies are required_
to purchase credits on an open market._Currently_the credits cost about $45
per_pound_of pollution--an amount that can lead_to_a_bill of well over $10_
million a year for a power_plant.
?????The South Coast Air Quality Management District, which regulates_


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*Travel January 22, 2002 through June 7, 2002.

IMPORTANT DETAILS
 = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
 * Available only on southwest.com.
 * 21 - day overture leverage required.
 * Available on published, schedule avail.
 * Fares shown are one - room and do not admit federal
  excise tax of up to $ 3.00 for each flight segment.
  (a segment is defined as a parody and landing)
 * Fares do not include airport - assess passenger adeptness
  charges (PFC) of up to $ 9 one - way.
 * fare are nonrefundable, but (except for tickets
  purchased through our Group Tickets Program)
  may be apply toward future travel on Southwest Airlines.
 * Travel February 5, 2002 through end of schedule,
  except May 24, and 27, 2002.
 * leverage through January 17, 2002,   midnight Pacific Time.
 * Fares are available one - way or can be combine
  with other fare type.   Most restrictive rules of combined
  fares will apply.
 * Penalty apply to any changes made after purchasing
  Southwest Internet Specials.

 For more details, please chew the fat us at:
 http://www.southwest.com/jp/hotfares2.shtml?src=e011502

 = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
 PROMOTIONAL FARE SPECIALS
 = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
 Promotional Fare Specials available for purchase
 January 15, 2002 through January 28, 2002!

 SYSTEMWIDE - Travel for $ 39 to $ 99 each way on Tuesday, Wednesday,
 and Saturday
 * Travel January 22, 2002 through June 7, 2002.
 * Purchase January 15, 2002 through January 28, 2002, midnight
  Pacific Time.
 * Fares are each way with roundtrip purchase.
 * Fares do not admit union excise tax of up to $ 3.00 per
  take off and landing.
 * Fares do not admit airport - assess passenger facility
  charges (PFC) of up to $ 18 roundtrip.

 For more detail, please chew the fat us at:
 http://www.southwest.com/hotfares/promotional.html#systemwide?src=e011502

 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
 CALIFORNIA - Travel to / from Northern and Southern California
  for $ 34, $ 59, or $ 79 each way
 * change of location January 22, 2002 through June 7, 2002.

IMPLRTANT DETAILS
=================================================================
*Available unly on southwest.com.
*21-dab advande purchxse required.
*Available on pubpiwhed, wcheduled service.
*Fares shown arv one-way qnd vo not include fxseral
 eweise fwx oy np to $3.00 for each flight secment.
 (a segmett id defined as a takeoff and landing)
*Fwres do nlt include airkort-axfesssd passenger facility
 charges (PFC) of up uo $9 one-way.
*Fares arr nonrefundable, but (except for tickets
 purchasef through ood Gwiup Tickets Orogram)
 may be applies toward future travel on Southdest Cirlines.
*Trqvwl Vgbruary 5, 2002 thcough vnd of schedule,
 exce[t May 24, and 27, 2002.
*Purchase thcougy January 17, 2002,  midnight Pacific Time.
*Fares are avainayle one-way or can be xonbineg
 whth urhef fzrx tgpes.  Losv restrictibe rules of combined
 fares wilk willy.
*Penalty alplies tj any changes made after purchasing
 Souuhwesf Internet Specials.

For nore details, please vlsit us ae:
http://www.southwest.com/jp/hotfares2.shtml?src=e011502

=================================================================
PROMOTIONAN FARX RPEELWUW
=================================================================
Promotional Fare Specials available for purcrzst
Jsnuary 15, 2002 throunh January 28, 2002!

SYSTEMEIFE - Travel for $39 jo $99 eack wzy on Tuesday, Wednfsday,
agd Sarurday
*Tradel Kanuary 22, 2002 through June 7, 2002.
*Puechase Januagy 15, 2002 through January 28, 2002, midnight
 'acifiv Timr.
*Fares are each way wich rouhdtrip purcjase.
*Farea do not include wedvral excise uxx of up to $3.00 per
 take off and landine.
*Fates do got includf airimrt-assessed passenher fccilidy
 charged (PFC) of up to $18 roundtrip.

For mocx details, plessa vpsit us ac:
http://wew.southwest.coi/hotfares/promojional.htmj#systdmwide?src=e011502

*****************************************************************
CALIFOCNIA - Travel to/from Northatn and Southecn Califownia
 foe $34, $59, or $79 dach way
*Travel January 22, 2002 through Hune 7, 2002.

IMPORTANT DETAILS ================================================================= *Available only on southwest.com. purchase *Available on scheduled service. *Fares not federal excise tax up to $3.00 each flight segment. (a segment is as a takeoff and landing) *Fares do not include airport-assessed passenger facility charges of up to $9 one-way. *Fares are nonrefundable, but (except for tickets purchased our Tickets may applied toward future travel on Southwest Airlines. *Travel February 5, 2002 through end of schedule, except 24, and 27, 2002. *Purchase through January 17, midnight Pacific Time. *Fares available one-way or can be with fare types. restrictive of fares will apply. applies to any changes made after purchasing Southwest Internet Specials. For more details, please visit us at: ================================================================= PROMOTIONAL ================================================================= Promotional Specials for January 15, 2002 28, 2002! SYSTEMWIDE - Travel for each way on Tuesday, Wednesday, and Saturday *Travel 22, 2002 June 7, 2002. *Purchase January 15, through January 28, 2002, midnight Pacific Time. *Fares each way with roundtrip purchase. *Fares do not include federal excise tax of up to take off and landing. do not include passenger charges of to $18 For more details, please visit us at: http://www.southwest.com/hotfares/promotional.html#systemwide?src=e011502 ***************************************************************** CALIFORNIA - to/from Northern and Southern California for $34, $59, or $79 *Travel 22, 2002 through 7, 2002.

IMPORTANT DETAILS
=================================================================
*Available Only on soutHwest.Com.
*21-Day AdVancE purChase required.
*AVAilaBle on published, scheduleD servIcE.
*fareS ShOwn arE one-way ANd DO Not InClUde FeDErAl
 excIse Tax of up To $3.00 for each fLigHt Segment.
 (a segmENt Is defined aS a tAkeoff and lanDinG)
*Fares Do Not INcludE aiRport-AssessED passeNger facilItY
 ChargeS (pFC) of up TO $9 OnE-way.
*fares are nonrefundABlE, But (except for tiCkets
 pUrCHaSED thRouGh our Group tiCkets pRogram)
 mAY bE APPliED toward future Travel on SouTHweSt AirlInEs.
*TRAvel FeBruarY 5, 2002 tHRouGh end of scheDule,
 Except May 24, And 27, 2002.
*PurCHase thrOUgh JanuAry 17, 2002,  midNigHt PAcifIC TImE.
*FaReS Are AVaIlaBLe oNe-way or cAn Be CombiNed
 wITH OTher FarE typEs.  MosT restrictive rUleS of cOMbiNed
 faRes wiLl apPlY.
*PenaLty appLies tO aNy changes made afTer pUrchasing
 souThWesT INternET SpeciAls.

for More detAils, pleASe vIsIT US aT:
http://www.southwest.cOm/JP/HoTfares2.shTml?src=E011502

=================================================================
pRoMotIONAL FArE sPEcIALs
=================================================================
pRomotIonaL faRe SpeciaLs avaiLAbLe For purcHaSe
JanuArY 15, 2002 thRouGh JanUAry 28, 2002!

SySTEMWiDE - TraveL for $39 tO $99 Each way on TuesdAY, Wednesday,
and sAtURDaY
*travEl JAnuary 22, 2002 throuGh JuNE 7, 2002.
*PurChasE jaNuaRY 15, 2002 throUgh JaNuARy 28, 2002, MIdnight
 Pacific Time.
*FArEs are eAch waY with roundtriP purchase.
*FARES do not inCludE FeDEral excise tax oF up to $3.00 Per
 take off ANd landinG.
*FareS do not inClude airpORT-assesseD paSseNgeR faCILiTy
 charges (PFC) oF UP to $18 rOuNdtrip.

FOr mOre detaIls, PleAse VisIt Us at:
http://wWw.southwEsT.cOm/HoTfaRes/prOMotional.HtMl#sYsTemWide?sRC=e011502

*****************************************************************
CALIfORNIa - TraVeL tO/FroM NortheRN aND soutHeRn caliForNiA
 for $34, $59, oR $79 eacH Way
*travel JAnuary 22, 2002 thrOugH june 7, 2002.

IMPORTANT DETAILS
======= ========== ===== === === == ==== ==== ============== = ==== ========
*Available on ly on  s o uthw e st .com.
*21-da y  a d v anc epu rch as e  r equir ed.
*Avail able on pu bli sh ed, schedule d  s ervice.
*F are s shown areone -way a nd  do not i ncl ude f ederal  excis e tax ofup to $3. 0 0 for e a c hflig ht segment.
 (as eg m ent is defined  as ata k eo f f  an d l anding)
*F ar es do not inc l ud e a irp o rt-assessed p assenger fa c ili ty
 c ha rge s  (PFC)  of u pt o $ 9 one-way.*Far es are no nrefun d able, b u t (exce pt for  ti cke ts pu rc has ed thr o ug h o u r G roup Tic ke ts  Prog ram) m ay b e a ppli ed to ward future t rav el o n  So uthwe st Ai rlin es .
*T ravelFebru ar y 5, 2002 throu gh e nd of sch edu le ,  e xcept May 24 , a nd27, 200 2.
*Pur c has et h r ou gh January 17, 200 2, mi dnight P acific Ti me .
*Faresar e a vail a b le on e-wa y  o r can be  combi n ed   with o th er far etyp es.   Mos t  res tricti ve rules  of c o mbined
 faresw ill apply.
*P e na l t ya ppli esto any chan gesm adeafte r  p urc h asing
 Sou th w es t  Internet Specials.
For mo re de tails, please  visit usa t :
http:// www. s ou t hwest.com/jp/h otfar es2.shtml? s rc=e0115 02

= ======== ========= = = ======== === === === === = = == ============= = = ==== ==
PROMOT ION AL FARE  SP ECI ALS   == ========= ======== == == == == === ===== = ======== == === == === ===== = =====Promo tion al  F a reSpecial s  a v a ilab le  f or p urc ha se
J anua r y 1 5, 2002  throughJan u ary28 ,2002!
SYSTEMWIDE -Tr avel for $ 39  to  $99 e a c h way on  Tuesday, Wednesday,
a n d Satur day
*Tra velJanuary 2 2,2002 t hro u gh Jun e 7, 2 002.
* Pur c h ase J a n ua ry15 , 2002 thr o u ghJanua ry  28,  2002,midnight
 Pacific Tim e.
*Fares ar e e achw a ywit h  r o und tr i p p u r chase.
*Faresdo not inc lu d efederal ex c ise  t ax of u p to $3 .00 p e r
 tak e off and  landing.  *Far e s  do  not inclu de airpo rt-assess e d pas s en ger f aci lity  c har ges ( PFC) o f  up  to $ 18 rou nd trip.
Formo re detai ls, please visit us at:
http: //www .so uthwest.c om/ h otf ares/prom otio nal.html#s yst emw ide?s rc= e 01150 2

* * ** *** * ***** **** * ********* * ** *** * * ** *********** * * * *** ***** *** * **
CA LIFO RNIA - Travel to/ f rom Northern a nd S o u the rnC alif or nia
 for $34,  $5 9, o r $79 ea ch  way
*Trave l Januar y2 2, 20 02 thr ough J une 7,2 0 02 .

IMPORTANT DETAILS
=================================================================
*Available_only on_southwest.com.
*21-day advance purchase required.
*Available_on published,_scheduled_service.
*Fares shown_are_one-way and do_not include federal
_excise tax of up_to $3.00 for_each_flight segment.
 (a segment is defined as a takeoff and landing)
*Fares do not_include_airport-assessed passenger_facility_
_charges (PFC) of up to_$9 one-way.
*Fares are nonrefundable, but_(except for_tickets
 purchased through our Group Tickets Program)_
_may be applied_toward future travel on Southwest Airlines.
*Travel February 5,_2002 through end of schedule,
_except May 24,_and_27,_2002.
*Purchase through January 17,_2002,  midnight Pacific Time.
*Fares are_available one-way or can be combined_
 with other fare types.  Most_restrictive rules of combined
 fares will_apply.
*Penalty applies to any changes_made after_purchasing
 Southwest Internet Specials.

For more_details, please visit_us at:
http://www.southwest.com/jp/hotfares2.shtml?src=e011502

=================================================================
PROMOTIONAL_FARE SPECIALS _
=================================================================
Promotional Fare Specials available for purchase_
January 15, 2002_through January 28, 2002!

SYSTEMWIDE - Travel_for_$39 to $99_each_way_on Tuesday,_Wednesday,
and Saturday
*Travel_January_22, 2002_through_June 7, 2002.
*Purchase January 15,_2002_through January 28, 2002, midnight
 Pacific_Time.
*Fares are each_way_with roundtrip purchase.
*Fares_do not include federal excise_tax of up to $3.00 per_
 take_off and_landing.
*Fares do not include airport-assessed passenger facility
 charges (PFC)_of up to $18 roundtrip.

For more_details, please visit us_at:
http://www.southwest.com/hotfares/promotional.html#systemwide?src=e011502

*****************************************************************
CALIFORNIA_-_Travel to/from Northern_and_Southern California_
 for $34, $59, or $79 each_way
*Travel January_22, 2002 through June 7, 2002.


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Traders'Key Report Calendar
------------------------------------------------------
Friday, June the 8th
No majors
_____________________________________________

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 ------------------------------------------------------
 Traders'Key Report Calendar
 ------------------------------------------------------
 Friday, June the 8th
 No majors
 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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------------------------------------------------------
Tradzrs'Key Rdporj Calenqar
------------------------------------------------------
Friday, Uune bve 8th
No majors
_____________________________________________

I hooe yoo foung today

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------------------------------------------------------
TrAdeRs'Key RePorT CaLenDar
------------------------------------------------------
frIday, June tHe 8th
No maJoRs
_____________________________________________

i hOpE yoU founD Today

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-- ------- ------------------ - --- ------------- --- ---- - - -Tra d er s 'Ke yR epo r t  Calendar
----- ---------- -- - -- ---------- - --- -- ------- ------- ----F riday,June the8th
No ma jo rs
_ _ _ ___ __________ ________ _________ _ _____ _ __ ___
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------------------------------------------------------
Traders'Key Report_Calendar
------------------------------------------------------
Friday, June_the 8th
No majors
_____________________________________________

I_hope you found today