  Offers in the OTC
market have climbed to the low $40s.  The highest reported trade for December
was reported at $38.50.   The tightness should continue through the first
half of the year  with the Martin County mine still shut down.  The rest of
the year remains strong piggy backing off of the current spot market.

Finally--Life beyond the 150 to 155 range--vintage year 2000 SO2 allowances
broke out of this trading range this week.  The low trade was around $119.50
and the last trade was around $120.50.  The sharp drop in prices was caused
in large part by the news of Dominion Virginia Power settling the New Source
Review lawsuit brought against it by the state of NY and the EPA Continuing
rumors of further NSR related settlements will likely create continued
volatility.  It is as yet unclear what the new price floor will be.

NOx has settled down a bit with last trade 2001 vintage of $675.

Principal Investments
Solo Energy Corporation, an Alameda, California based developer of Wireless
Energy microturbine products to supply superior on-site energy service to
U.S. commercial and light industrial customers, announced that Enron North
America has completed an equity investment in Solo Energy as well as entered
into an alliance agreement.

In exchange for warrants to purchase the Company,s preferred stock, Enron
will assist in obtaining fuel contracts to support the Company,s distributed
generation contracts, including the provision of gas and backup electricity,
and will work with the Company to support its market and gas technology
research.

NEWS FROM THE GLOBALFLASH

EnronCredit.com
On Halloween, Enron Credit.com hit the City of London last Tuesday. As an
original PR stunt, the EnronCredit.com team organized a Grim Reaper with two
female vampires to distribute candy carrying the message, "Corporate
bankruptcies are on the increase and could be your worst nightmare. You can
protect your company and sleep well at night". Locations for the distribution
of 5,000 packs of candy were Bank, Broadgate and Canary Wharf. The general
feedback and reaction of people was positive. Photos of the event

Offers in the OTC
 market have climbed to the low $ forty.   The eminent reported trade for December
 was report at $ 38.50.    The constriction should continue through the first
 one-half of the year   with the Martin County mine still shut down.   The remainder of
 the year remains solid piggy backing off of the current spotlight grocery store.

 Finally -- Life beyond the 150 to 155 range -- vintage year 2000 SO2 allowances
 break out of this trading range this week.   The low barter was around $ 119.50
 and the last trade was around $ 120.50.   The crisp drop in prices was caused
 in large part by the news program of Dominion Virginia Power settling the New Source
 Review lawsuit brought against it by the state of NY and the EPA Continuing
 rumors of further NSR related settlements will likely create continued
 volatility.   It is as yet unclear what the new price floor will be.

 NOx has settled down a bit with concluding trade 2001 vintage of $ 675.

 Principal Investments
 Solo Energy Corporation, an Alameda, California based developer of Wireless
 Energy microturbine product to add superior on - site energy service to
 U.S. commercial and light industrial customers, announced that Enron North
 America has complete an equity investment in Solo Energy as well as entered
 into an confederation agreement.

 In exchange for warrants to purchase the Company,s preferred stock, Enron
 will assist in obtaining fuel contract to support the Company,s distributed
 generation contracts, including the planning of gas and backup electricity,
 and will work with the Company to support its market and gas technology
 research.

 NEWS FROM THE GLOBALFLASH

 EnronCredit.com
 On Halloween, Enron Credit.com hit the City of London final Tuesday. As an
 original PR stunt, the EnronCredit.com team organized a Grim Reaper with two
 female vampire to distribute candy carrying the message, " Corporate
 bankruptcies are on the addition and could be your worst nightmare. You can
 protect your company and sleep well at nox ". Locations for the distribution
 of 5,000 packs of candy were Bank, Broadgate and Canary Wharf. The general
 feedback and reaction of people was convinced. Photos of the consequence

  Ovfers in the OTC
market mave climbed to jhw low $40v.  The highest reported trade for December
wqs rekjrted at $38.50.   The tiehtness sjould cobtinne through the fmdst
haln of fme yecr  with the Marjin County mhne still shut duwu.  The rest of
the year remains strogg piggu hacking off of the surrsnt spot market.

Finally--Life beyond the 150 tm 155 range--vintabe year 2000 SO2 allowances
brone okt of this trading range this weeh.  The low trxde was around $119.50
and thg last trade was around $120.50.  The shxrp dxop in pricgs wwv caused
in largv part by the news of Dominipn Virginia Poeer sertling the New Source
Review lawsuit brjught agahnat it by the statw if NY and the WPA Cohtmnujng
rulora of furthsr NSR relared settlements wilk jplely create dontinteq
volatility.  It is as yet unclear what ths new price floor will ve.

NOx has settled dowj a bit wyth last trade 2001 vintage of $675.

Principal Investments
Smlo Eiefgy Cjfpogation, an Alameda, California based developer jr Eigeless
Energy micvoturbine products tl xopply superior on-sitz ehergy service to
U.D. commetcial qnd light indistrial customers, announced that Enron Uorrh
America has com'leted an eqbity imvestkent in Solo Energy as cell aa entered
ijto an almkance agreement.

Iv eqchatge for warrants to purchafe the Conpanv,s prefefred stock, Enron
wilp asslvt in obtaining fufl coutracds to supplrt the Company,s distributed
geixration contrscds, pncluding the irovision of gaf and backup ekectricnty,
ana will wori with vhe Company eo support itv market and jas technjlogt
rewearch.

VDWS FROM THE GKOBALFLASK

TnronCredir.com
On Halloween, Ekron Zdedit.com hit thz Xity of London kasg Tteddey. As dn
original [R sgung, the DnronCrtbit.gom teak organized a Grim Raaped with two
female faipires ti distrifute candy catrying the message, "Corpmrave
banlruktcies are on the increase and dould be jouv worst nightiare. You can
procect your company and sleep well at nighv". Locations for the disrribution
of 5,000 packs pf candy wece Banh, Broadgade and Canary Wharf. Rhe general
feedbsck and reaction of psople fas plsitive. Photos of the event

Offers in the OTC market have climbed low The highest trade for December tightness continue through the half of the with the Martin County mine still down. The rest of the year remains strong piggy backing off of the spot market. Finally--Life beyond the 150 to 155 range--vintage year 2000 SO2 allowances out this range week. The low trade was around $119.50 and the last trade was around $120.50. The sharp in prices was caused in large part by news of Dominion Virginia settling the New Source Review brought it by state NY the EPA Continuing of further NSR related settlements will likely create continued volatility. It is as yet unclear what the price floor NOx has down bit last trade 2001 $675. Principal Investments Solo Energy Corporation, based developer of Wireless Energy microturbine products to superior on-site service to U.S. commercial and light customers, announced that Enron North America has completed equity investment in Solo Energy as well as entered into an alliance agreement. In exchange to purchase the Company,s stock, Enron will in fuel to the Company,s generation contracts, including the provision of gas and backup electricity, and work with the Company to support its market and gas NEWS THE GLOBALFLASH EnronCredit.com Halloween, Enron Credit.com hit City London last Tuesday. As PR the a Reaper two female vampires to candy carrying the message, "Corporate are on the increase nightmare. You can protect your company and sleep at night". Locations for the distribution of packs of candy were Bank, Broadgate and Canary Wharf. The general feedback reaction of positive. Photos of the event

  Offers in the OTC
market have cLimbed to thE low $40s.  the HigHeSt rePortEd trade for DeceMBer
wAs reported at $38.50.   The tightneSs shoUlD ContINuE throUgh the fIRsT
HAlf Of ThE yeAr  WItH the MArtIn CountY mine still ShuT dOwn.  The rest of
THe Year remainS stRong piggy bacKinG off of ThE cuRRent sPot MarkeT.

FinalLY--Life bEyond the 150 tO 155 rANge--vinTAge year 2000 so2 AlLowaNces
broke out of thiS TrADing range this wEek.  The LoW TrADE waS arOund $119.50
and the LaSt traDE was aroUNd $120.50.  tHE ShaRP drop in prices Was caused
in LArgE part bY tHe nEWs of DoMinioN VIRgiNia Power setTlinG the New SoUrce
ReVIew lawsUIt brougHt agaiNst It bY the STaTe Of Ny aND thE ePa CoNTinUing
rumoRs Of FurthEr NSr RELAted SetTlemEnts wIll likely creaTe cOntiNUed
VolatIlity.  it is As Yet unClear wHat thE nEw price floor wilL be.

Nox has settLed DoWn a BiT with LAst traDe 2001 vIntAge of $675.

PrIncipal iNveStMENTs
solo Energy CorporatIoN, AN ALameda, CaLifornIA bAsED developEr Of WIrelESS
EnerGy miCRoTurbine pRoductS To SuPply supErIor on-sItE enErgY servICe to
u.S. commErcial anD lighT Industrial custOMers, announced THaT eNrON NorTh
AMerica has coMpleTEd an EquiTY iNveSTment In SolO ENErGY as well as entered
intO aN alliaNce agReement.

In exchAnge for warRANTs to purcHase THe cOmpany,s preferrEd stoCk, Enron
wilL Assist in ObtaiNing fuel Contracts TO Support tHe COmpAny,S diSTRiButed
generatiON ContRaCts, inclUdiNg the prOviSioN of Gas AnD backup elEctricitY,
aNd WiLl WorK with THe CompanY tO suPpOrt Its maRKet and Gas teChnoLoGy
REseArch.

NEWs fRom tHE GlObAlFLAsH

ENrOnCreDit.cOM
On halloweEn, Enron CrEdiT.Com hIt ThE City of london last TueSdAy. As an
origInAl Pr stunt, THE EnronCrEdit.com team organized a GrIM Reaper WitH two
fEmalE vampires To dIstribUte CAndy caRrying The meSsAge, "cORporaTE
BaNkrUpTcies are on THE inCreasE aNd coUld be yoUr worst nightmare. YoU Can
Protect your coMpaNy anD SLeEp wELl AT niGhT". locATIons for the distrIbution
of 5,000 pAcKS oF candy were bAnk, brOadgate And CanaRy WhaRF. The genEral
feedbAck and reaCtIon oF PEopLe was positIve. PhotoS of the eveNT

  Offers in the OTC
marke t have cli mbedtothe  l ow $ 40s.   The highestr epor ted trade for December
was  r e port e dat $3 8.50. Th e tig ht ne sssh o ul d con tin ue thro ugh the fi rst  half of they ea r  with th e M artin County  mi ne sti ll  sh u t dow n. Therest o f
theyear rema in s  stron g  piggyb a ck ingoff of the curren t  s p ot market.

F inally -- L if e bey ond  the 150 t o155 r a nge--vi n ta g e yea r  2000 SO2 all owances
br o keout of  t his tradin g ran ge thi s week.  Th e lo w trade w as aro u nd $119 . 50
and  the l ast  tr adew as  a rou nd $12 0 .5 0.The  sharp d ro pin pr ices w a s  cau sed
in  larg e part by the  ne ws o f  Do minio n Vir gini aPower  settl ing t he  New Source
Re view  lawsuitbro ug htag ainst it bythe  st ate ofNY andt heEP A C on tinuing
rumors of  f u r th er NSR r elated se tt l ements w il l l ikel y creat e co n ti nued
vo latili t y.  It is a syet un cl ear  wh at th e  new  price  floor w ill b e .

NOx has set t led down a bi t  w i t hl asttra de 2001 vin tage of $ 675.
P rin c ipalInves tm e nt s
Solo Energy Corpor at ion, a n Ala meda, Califor nia basedd e v eloper o f Wi r el e ss
Energy mic rotur bine produ c ts to su pplysuperior  on-sitee n ergy ser vic e t o U.S . co mmercial andl i ghtin dustria l c ustomer s,ann oun ced  t hat Enron  North Am er ic ahas  comp l eted aneq uit yinv estme n t in S olo E nerg yas wel l as en t er e d
in to  a n al lia nc e agr eeme n t.
In exc hange for  wa r rant sto  purcha se the Compan y ,s preferr ed  st ock, E n r on
will  assist in obtaining fu e l contr act s tosupp ort the C omp any,s  di s tribut ed
ge nerat io n c o n tract s ,  i ncl ud ing the pr o v isi on of  g as a nd back up electricity,
a n d w ill work with  th e Co m p an y t o  s u ppo rt its m arket and gas t echnology
r e se arch.

NE W S F RO M THE G LOBALFL ASH
E nronCre dit.com
O n Hallowe en , En r o n C redit.comhit theCity of L o ndonl as t Tue sda y. Asan
o rigin al PRs tun t, th e Enro nC redit. com t ea m organi zed a Grim Reaper withtwo
f emale  va mpires to  di s tri bute cand y ca rrying the  me ssa ge, " Cor p orate
ba n kr upt c ies a re o n  the incr e as e a n d  c ould be you r w ors t nig htm a re. Yo u ca n
protect your c o mpany and slee p we l l  at  ni g ht".  L ocations for t hedi s t ribution  of 5,000 pa cks of c an d y wer e Bank , Broa dgate a n d  C a nary W harf . T he genera l fe e dback a nd  r e action  ofpe ople w as pos i tive . Photos of the ev ent

 _Offers in_the OTC
market have_climbed to_the_low $40s.__The highest reported_trade for December_
was reported at $38.50._  The_tightness_should continue through the first
half of the year  with the Martin County_mine_still shut_down.__The rest of
the year_remains strong piggy backing off_of the_current spot market.

Finally--Life beyond the 150 to_155_range--vintage year 2000_SO2 allowances
broke out of this trading range this_week.  The low trade was_around $119.50
and_the_last_trade was around $120.50._ The sharp drop in prices_was caused
in large part by_the news of Dominion Virginia Power settling_the New Source
Review lawsuit brought_against it by the state_of NY_and the EPA Continuing
rumors_of further NSR_related settlements_will likely create_continued
volatility.  It is as_yet unclear what_the new price floor will be.

NOx_has_settled down a_bit_with_last trade_2001 vintage of_$675.

Principal_Investments
Solo Energy_Corporation,_an Alameda, California based developer of_Wireless_
Energy microturbine products to supply superior on-site_energy service to
U.S._commercial_and light industrial customers,_announced that Enron North
America_has completed an equity investment in_Solo Energy_as well_as entered
into an alliance agreement.

In exchange for warrants to purchase_the Company,s preferred stock, Enron
will_assist in obtaining fuel_contracts to_support_the Company,s distributed_
generation_contracts, including_the provision of gas and backup electricity,_
and will_work with the Company to support_its market and gas_technology_
research.

NEWS FROM THE GLOBALFLASH

EnronCredit.com
On Halloween,_Enron Credit.com hit the City of_London last Tuesday. As an_
original_PR_stunt, the EnronCredit.com team organized_a Grim Reaper with two
female_vampires to distribute_candy carrying the message, "Corporate
bankruptcies are_on_the increase and could be your_worst_nightmare. You can
protect your company_and_sleep_well at night". Locations for_the distribution
of 5,000 packs of_candy were Bank, Broadgate and Canary Wharf. The general_
feedback and reaction_of people was positive. Photos_of_the_event


 happy life!
>   > > > > > This is nice reading, but short. Enjoy! This is
>   > > > > what
>   > > > > > The Dalai Lama has to say on the millennium. All
>   > > > > it takes is a few
>   > > > > > seconds to read and think it over. Do not keep
>   > > > > this message. The mantra
>   > > > > > must leave our hands within 96hours. You will
>   > > > get
>   > > > > a very pleasant
>   > > > > > surprise. This is true even if you are not
>   > > > > superstitious.
>   > > > > >
>   > > > > > I N S T R U C T I O N S  F O R  L I F E
>   > > > > >
>   > > > > > 1. Take into account that great love and great
>   > > > > > achievements involve great risk.
>   > > > > >
>   > > > > > 2. When you lose, don't lose the lesson.
>   > > > > >
>   > > > > > 3. Follow the three R's:
>   > > > > >       Respect for self
>   > > > > >       Respect for others and
>   > > > > >       Responsibility for all your actions.
>   > > > > >
>   > > > > > 4.Remember that not getting what you want is
>   > > > > > sometimes a wonderful stroke of luck.
>   > > > > >
>   > > > > > 5. Learn the rules so you know how to break them
>   > > > > > properly.
>   > > > > >
>   > > > > > 6. Don't let a little dispute injure a great
>   > > > > > friendship.
>   > > > > >
>   > > > > > 7. When you realize you've made a mistake, take
>   > > > > > immediate steps to correct it.
>   > > > > >
>   > > > > > 8. Spend some

happy life!
 >    > > > > > This is nice reading, but light. love! This is
 >    > > > > what
 >    > > > > > The Dalai Lama has to say on the millennium. All
 >    > > > > it take is a few
 >    > > > > > seconds to read and intend it over. Do not preserve
 >    > > > > this message. The mantra
 >    > > > > > must leave our hands within 96hours. You will
 >    > > > get
 >    > > > > a very pleasant
 >    > > > > > surprise. This is true even if you are not
 >    > > > > superstitious.
 >    > > > > >
 >    > > > > > I N S triiodothyronine R U vitamin c T I O N S   F O R   L I F E
 >    > > > > >
 >    > > > > > 1. Take into account that great beloved and great
 >    > > > > > achievements involve big risk.
 >    > > > > >
 >    > > > > > 2. When you lose, don't lose the example.
 >    > > > > >
 >    > > > > > 3. Follow the three R's:
 >    > > > > >        Respect for self
 >    > > > > >        Respect for others and
 >    > > > > >        Responsibility for all your actions.
 >    > > > > >
 >    > > > > > 4.Remember that not catch what you want is
 >    > > > > > sometimes a wonderful stroke of luck.
 >    > > > > >
 >    > > > > > 5. Learn the dominion so you know how to break them
 >    > > > > > properly.
 >    > > > > >
 >    > > > > > 6. Don't let a little dispute injure a great
 >    > > > > > friendship.
 >    > > > > >
 >    > > > > > 7. When you realize you've made a mistake, consider
 >    > > > > > immediate steps to correct it.
 >    > > > > >
 >    > > > > > 8. Spend some

 haopy life!
>   > > > > > This is kice reading, but short. Xnjoy! Tgis is
>   > > > > what
>   > > > > > The Dalai Lema yas ti say on the millenniuo. All
>   > > > > it tajes ms a few
>   > > > > > seconds bj rezf anb vhink it over. Dp not keep
>   > > > > this mevsxgz. The mantra
>   > > > > > must leave our hwnds wiyhln 96hours. You wyll
>   > > > fvt
>   > > > > a very pleasant
>   > > > > > surprive. This is trie even if you are not
>   > > > > skperstitious.
>   > > > > >
>   > > > > > I B S E R U C T I O N S  F O G  L I F E
>   > > > > >
>   > > > > > 1. Take into accoung thac great lovg znf great
>   > > > > > acrievements iknolve gseat rixk.
>   > > > > >
>   > > > > > 2. Whwn you lose, don't lose the lesson.
>   > > > > >
>   > > > > > 3. Xomlow the three R's:
>   > > > > >       Rdwpezt roc sslf
>   > > > > >       Reapect for orhers and
>   > > > > >       Responsibilify for ajl your actions.
>   > > > > >
>   > > > > > 4.Remember uhat hot getting what you wabt is
>   > > > > > sometimed a wondewful stroke of luck.
>   > > > > >
>   > > > > > 5. Learn the rulev so boj kuiw hod tl break them
>   > > > > > properly.
>   > > > > >
>   > > > > > 6. Djh't lvt a little dispube injure a great
>   > > > > > friendship.
>   > > > > >
>   > > > > > 7. When you reapize yoo've maee a mistwke, yake
>   > > > > > immediate steps to correct pt.
>   > > > > >
>   > > > > > 8. Spenb some

happy life! > > > > > is reading, but Enjoy! This is what > > > > The Dalai has to say on the millennium. > > > > > it takes is a few > > > > > seconds to read and think it over. Do not keep > > > message. mantra > > > > > > must leave our hands within 96hours. You will > > > get > > > > > very pleasant > > > > > surprise. This true if you not > > > superstitious. > > > > > > > > > > > I N S T R U T I S F R I E > > > > > > > > Take into account that great love and great > > > > achievements involve great risk. > > > > > > > > > > 2. When you lose, don't lose the lesson. > > > > > > > > > 3. Follow the R's: > > > Respect self > > > > > > Respect for others and > > > > > Responsibility for all your actions. > > > > > > > > that getting what you want > > a stroke luck. > > > > > > > > > > 5. Learn how to break them > > > > > properly. > > > > > > > > > > > 6. Don't let a little dispute a great > > > > friendship. > > > > > > > > > > 7. When you realize you've made mistake, > > > > > steps to correct > > > > > > > some

 happy life!
>   > > > > > This is nice readinG, but short. ENjoy! THis Is
>   > > > > wHaT
>   > > > > > The dalaI Lama has to say oN The mIllennium. All
>   > > > > it takes is a Few
>   > > > > > seCoNDs to REaD and tHink it oVEr. dO Not KeEp
>   > > > > ThiS mESsAge. ThE maNtra
>   > > > > > musT leave our hAndS wIthin 96hours. YoU WiLl
>   > > > get
>   > > > > a very PleAsant
>   > > > > > surprisE. ThIs is trUe EveN If you Are Not
>   > > > > suPerstiTIous.
>   > > > > >
>   > > > > > I N s T R U C T I O N s  F o r  L I F E
>   > > > > >
>   > > > > > 1. TAKe into aCCOuNt thAt great love and greAT
>   > > > > > aCHievements invoLve greAt RIsK.
>   > > > > >
>   > > > > > 2. wHen You Lose, don't loSe The leSSon.
>   > > > > >
>   > > > > > 3. FollOW tHE THreE r's:
>   > > > > >       Respect for sElf
>   > > > > >       Respect fOR otHers anD
>   > > > > >       REspONsibilIty foR aLL yoUr actions.
>   > > > > >
>   > > > > > 4.ReMembEr that not GettinG What you WAnt is
>   > > > > > soMetimeS a wOndErfuL StRoKe oF lUCk.
>   > > > > >
>   > > > > > 5. LEArN thE RulEs so you kNoW hOw to bReak THEM
>   > > > > > PropErlY.
>   > > > > >
>   > > > > > 6. Don'T let a Little dispute InjUre a GReaT
>   > > > > > frieNdshiP.
>   > > > > >
>   > > > > > 7. WheN yOu reaLize yoU've maDe A mistake, take
>   > > > > > immEdiaTe steps to CorReCt iT.
>   > > > > >
>   > > > > > 8. SPend sOMe

 happy life!
>   > > > > >  This is n ice r ead ing ,butshor t. Enjoy! This is
>    > > > > what
>   >> > >  > TheD al ai La ma hast os a y o nth e m il l en nium.  Al l
>   >  > > > ittak es  is a few
> >  > > > > s eco nds to readand  think  i t o v er. D o n ot ke ep
> > > >> this me ss a ge. Th e  mantra >   > >  > > > must leave ou r  hands within96hour s. Yo u wil l
>    > > > g et
>  >  > > >a  v e r y  pl e asant
>   > >  > > > surp r ise . This  i s t r ue eve n ifyo u  ar e not
>   >  > >  > supers titiou s .
>   > > > > >
>   >  >> >  > I NST R  U C T IO N S F O R  L  I  F  E
>  >> > > >>  > >  > >> 1. Take int o a ccou n t t hat g reatlove  a nd gr eat
>  > >  >  > > achievemen ts i nvolve gr eat  r isk .>   > > > >>
>   > > > >  > 2. W h enyo u l os e, don't lose thele s s on .
>   >> > >>
>  > > > >>3.Foll o w  thethre e  R 's:
>  > > >>  >       Re sp ect fo rsel f
>    >>  > >  >      Respe ct fo r  others and
> > > > > >   R es p onsi bil ity for all  you r  act ions .
>   >  > >> >
>  >>  > > > 4.Remember t ha t notgetti ng what you w ant is
> > > > > >some t im e s a wonderfulstrok e of luck. >   > >> > >
>   > >  > > > 5. L earn the  ru les  so  yo u kn ow how to bre a k  the m>   > >  >> > pro per ly.
>  >  >  > > >
>  > > >>>6.  D on' t let a little  d isp ut e i njure a grea t
>  > >  >  > > f riendsh i p. >    >  >  >  > >
> > > >  > > 7.When yo u realize  yo u 'vema de  a mist ake, take
>  >  > > > > i mm edi ate st e p s to cor rect it.
>   > > > > >>    > >> >  > 8.  Spe nd some

 happy_life!
> _ > > >_> >_This_is nice_reading,_but short. Enjoy!_This is
> _ > > >_> what
> __> > > > > The Dalai Lama has to say on the millennium._All
>_ _>_>_> > it takes is_a few
>   >_> >_> > seconds to read and think it_over._Do not keep
>_  > > > > this message. The_mantra
>   > > >_> > must_leave_our_hands within 96hours. You_will
>   > > >_get
>   > > >_> a very pleasant
>   >_> > > > surprise. This_is true even if you_are not
>_  > > >_> superstitious.
> _ >_> > >_>
>   > > >_> > I_N S T R U C_T_I O N_S__F O_R  L_I_F E
>__ > > > > >
>__ > > > > > 1._Take into account that_great_love and great
> _ > > > >_> achievements involve great risk.
> _ >_> >_> >
>   > > > > > 2. When_you lose, don't lose the lesson.
>_  > >_> >_>
>_  >_>_> >_> 3. Follow the three R's:
> _ >_> > > >  _   _Respect_for self
>   > >_> > >   _   Respect for_others_and
>_  > > >_> >    _  Responsibility_for all your actions.
>   >_>_> > >
>   >_>_> > > 4.Remember that not_getting_what_you want is
>  _> > > > > sometimes_a wonderful stroke of luck.
>   > >_> > >
>_  > > >_>_>_5. Learn the rules so you know how to break_them
> _ > >_> > > properly.
>   > > > >_>
>   > > > >_> 6. Don't let a little dispute injure a great
> _ > > > > > friendship.
> _ > > > > >
> _ > > >_>_> 7. When you realize you've made_a_mistake,_take
>_  >_> > >_> immediate steps_to correct_it.
>  _> >_> > >
>__ > > > > > 8. Spend some


 went off line. Prior to the flooding Clark had been in the process of
tieing in the temporary feed into the back up system by 7-1-01 in prep for
the migration (Response)
 * Clark used back up water pumps to pump out and clean the Reliant
electrical vault, as well as maintained operation of the back up systems
 * The Data Ctr AHU's were kept on line with the dehumidifiers/blowers to
modulate the airflow in the Data Ctr. EPSC had Way Engr techs use
temp/humidity probes
    to monitor the areas. The recordings indicated temps on Lvs 8 & 9 did not
exceed 78 degrees and relative humidity did not exceed 68% during the outage
 * Clark/Fisk Elec/EPSC coordinated desing efforts and obtained gear on an
emergency basis and completed the tie in off the temporary coolong tower to
the
    generators by 10:30pm
 * Reliant Energy is still cleaning and replacing gear in th vault room.
Presntly (AT 11:00PM Sunday) we have one circuit operational in the building
and 50% of the
              Reliant  gear on line). We are still operating all systems
safely on the back up sytems for the past 36 hours. It is expected Relaint
will be complete by 7:00am.
   Clark; the engineers and MEP subs shall be conducting a thorough system
review and repirs as required of all systems throughout the building during
the coming
   week.

In summary, the back up systems in both facilities did engage and operate as
designed; however, due to the extreme conditons and stress placed upon the
systems the facility held up extremely well. I would also like to note
throughout the ordeal beginning Friday evening through Sunday, everyone
(Enron NetWorks;EES FacilitiesClark Const;Way Engring;Fisk Electric;Henderson
Electric; KW-Pillar;Hines) did an outstanding job under enourmous pressure
and the most severe conditions I have seen in downtown Houston.
Communication, around the clock work  and cool heads managed to assess damage
and develop action/restoration plans to facilitate repairs for Monday business

Let

went off line. Prior to the flooding Clark had been in the process of
 tie in the impermanent feed into the back up system by 7 - 1 - 01 in prep for
 the migration (Response)
  * Clark use back up water pumps to pump out and houseclean the Reliant
 electrical vault, as well as uphold operation of the back up system
  * The Data Ctr AHU's were kept on line with the dehumidifiers / blowers to
 modulate the airflow in the Data Ctr. EPSC had Way Engr techs practice
 temp / humidity probes
     to monitor the areas. The recordings indicate temps on Lvs 8 & 9 did not
 exceed 78 degree and relative humidity did not surpass 68% during the outage
  * Clark / Fisk Elec / EPSC coordinated desing efforts and receive gear on an
 emergency basis and complete the tie in off the temporary coolong tower to
 the
     generators by 10:30pm
  * Reliant Energy is still clean and replacing gear in th vault room.
 Presntly (AT 11:00PM Sunday) we have one circuit operational in the building
 and 50% of the
               Reliant   gear on line). We are still operating all organization
 safely on the back up sytems for the past 36 hours. It is expect Relaint
 will be arrant by 7:00am.
    Clark; the engineers and MEP subs shall be conduct a exhaustive system
 review and repirs as required of all system throughout the building during
 the coming
    week.

 In summary, the back up systems in both facilities did engage and operate as
 designed; however, due to the extreme conditons and stress placed upon the
 system the adeptness held up extremely well. I would also like to note
 throughout the ordeal beginning Friday evening through Sunday, everyone
 (Enron NetWorks;EES FacilitiesClark Const;Way Engring;Fisk Electric;Henderson
 Electric; KW - Pillar;Hines) did an outstanding caper under enourmous pressure
 and the most severe conditions I have see in business district Houston.
 Communication, around the clock work   and cool heads managed to assess damage
 and evolve action / restitution plans to help repairs for Monday business

 Let

 wejt off line. Prior to the flooding Clark had bexn in tge procers of
tieing in the temporarb fewd inuj the back up systdm by 7-1-01 in prep foe
tht migration (Respoiae)
 * Clark ussf baek up water pumpx to pump mut and clean dhd Xeliant
electrical vault, as well as iaintaimef operation of the fack lp systems
 * The Data Ctr AHU's wsre kepu on line with the dehumidifiers/blowers to
mldulwte the airflow in the Data Cjd. E[WC had Way Evgr techs lve
temp/humjdity probes
    to monitor the xreas. The recoreibgs hndicated txmps og Lvs 8 & 9 did not
excaed 78 debrees and relabive iumieity did not exceed 68% vuring the outage
 * Cjark/Fisk Alzc/EPSC coordinated dewibg efxortv ana obgaihev gsar on an
emergency basis and xompleted the tie im jdf the temporzry cojljng tower to
the
    generators by 10:30pm
 * Geliznt Energy is still cleqning and replacing ggar in th dault room.
Presntly (AT 11:00PM Sunday) we have one circgit o'efatninal kb hhe building
and 50% of the
              Reliant  gtar on line). We arc still operating slp xistems
safely un the badk up sytems for tje past 36 houes. It is txpecyed Relaint
will be completw by 7:00am.
   Clcrk; the engineers and MEP subs skall bg condicting a thorough systeo
rebiew and reoirs as rsduired of all syrteks throughout the building dtring
the comnng
   wedk.

In summawy, the bacn up systems in both facllitigs did engage anf operate as
designed; however, dnx to the extrgme cotditons cnd stvess placed upog the
systems jhe facilnty heud up extrvmely weln. I would ajso like to nmje
throughout the ordqal vegibning Ffkday evening tnrough Suubay, everyine
(Enron NetWorks;CES FxdilitiesClark Cinsu;Wqy Engring;Fisk Eldctwib;Heidersjt
Electric; KF-Piluar;Fones) aid an outsbanaing job under enourmous preasure
and the most scvere coneitions Y have seen im downtown Houston.
Commnnicatmon, arpunq the clock work  and cool heass managef tj assess damwge
qnd develop cction/restoration plans to facilitate re'airs for Monday busingss

Let

went off line. Prior to the flooding been the process tieing in the up by 7-1-01 in for the migration * Clark used back up water to pump out and clean the Reliant electrical vault, as well as maintained of the back up systems * The Data Ctr AHU's were kept on with dehumidifiers/blowers modulate airflow in the Data Ctr. EPSC had Way Engr techs use temp/humidity probes to monitor the The recordings indicated temps on Lvs 8 & did not exceed 78 and relative humidity did not 68% the outage Clark/Fisk coordinated efforts and obtained on an emergency basis and completed the tie in off the temporary coolong tower to the generators 10:30pm * is still and gear th vault room. 11:00PM Sunday) we have one circuit building and 50% of the Reliant gear on We are operating all systems safely on the up sytems for the past 36 hours. It expected Relaint will be complete by 7:00am. Clark; the engineers and MEP subs shall be thorough system review and as required of systems the during coming week. summary, the back up systems in both facilities did engage and as designed; however, due to the extreme conditons and stress the the facility held extremely well. I would like note throughout the ordeal evening Sunday, FacilitiesClark Engring;Fisk Electric; KW-Pillar;Hines) did an job under enourmous pressure and most severe conditions I Communication, around the clock work and cool heads to assess damage and develop action/restoration plans facilitate repairs for Monday business Let

 went off line. Prior to the flooDing Clark hAd beeN in The PrOcesS of
tIeing in the tempORary Feed into the back up systeM by 7-1-01 in PrEP for
THe MigraTion (ResPOnSE)
 * claRk UsEd bAcK Up Water PumPs to pumP out and cleAn tHe reliant
electRIcAl vault, as wEll As maintained OpeRation Of The BAck up SysTems
 * THe Data cTr AHU's Were kept oN lINe with THe dehumIDIfIers/Blowers to
modulate THe AIrflow in the DatA Ctr. EPsC HAd wAY EnGr tEchs use
temP/hUmidiTY probes
    TO mONITor THe areas. The recOrdings indiCAteD temps On lvs 8 & 9 DId not
eXceed 78 DeGReeS and relativE humIdity did nOt exceED 68% during THe outagE
 * Clark/fisK ElEc/EPsc cOoRdiNaTEd dESiNg eFForTs and obtAiNeD gear On an
EMERGencY baSis aNd comPleted the tie iN ofF the TEmpOrary CooloNg toWeR to
thE
    generAtors By 10:30Pm
 * Reliant Energy Is stIll cleaniNg aNd RepLaCing gEAr in th VauLt rOom.
PresNtly (AT 11:00Pm sunDaY) WE HaVe one circuit operatIoNAL iN the builDing
anD 50% Of ThE
              reliant  gEaR on Line). wE Are stIll oPErAting all SystemS
SaFeLy on the BaCk up syTeMs fOr tHe pasT 36 HourS. It is eXpected RElainT
Will be complete BY 7:00am.
   Clark; the enGInEERs ANd MEp suBs shall be coNducTIng a ThorOUgH sySTem
reView aNd REpIRs as required of all syStEms thrOughoUt the building During
the cOMINg
   week.

In SummARy, THe back up systemS in boTh facilitiES did engaGe and Operate aS
designed; HOWever, due To tHe eXtrEme CONdItons and stresS PLaceD uPon the
sYstEms the fAciLitY heLd uP eXtremely wEll. I woulD aLsO lIkE to Note
tHRoughout ThE orDeAl bEginnINg FridAy eveNing ThRoUGh SUnday, evERyONE
(EnrOn neTWorKs;EeS facilItieSclaRk Const;way EngrinG;FiSK EleCtRiC;HenderSon
Electric; KW-piLlar;Hines) dId An oUtstanDINg job undEr enourmous pressure
and tHE most seVerE condItioNs I have seEn iN downtOwn hOuston.
communIcatiOn, AroUND the cLOCk WorK  aNd cool headS MAnaGed to AsSess Damage
aNd develop action/resTOraTion plans to faCilItatE REpAirS FoR monDaY BusINEss

Let

 went off line. Prior to t he floodin g Cla rkhad  b eenin t he process oftiei ng in the temporary fe ed in to theb ac k upsystemb y7 - 1-0 1in  pr ep fo r
th e m igratio n (Respons e)
* Clark used ba ck up wate r p umps to pump  ou t andcl ean the R eli ant electr i cal va ult, as w el l  as ma i ntained o pe rati on of the back up sy s tems
 * The Da ta Ctr  A H U' s wer e k ept on lin ewitht he dehu m id i f i ers / blowers to
m odulate the air flow i nthe Data C tr. E PS C  ha d Way Engrtech s use
te mp/hum i dity pr o bes
   to mo nit orthea re as . T he rec o rd ing s  in dicatedte mp s onLvs8 & 9 di d n ot excee d 78 degreesand  rel a tiv e hum idity  did  n ot ex ceed 6 8% du ri ng the outage
* Cl ark/FiskEle c/ EPS Ccoord i nateddes ing  effort s and o b tai ne d g ea r on an
emergency  b a s is  and com pleted th et ie in of fthe  tem p o rarycool o ng  tower t o
the
  genera to rs by10 :30 pm * Re l iant  Energ y is sti ll cl e aning and repl a cing gear int hv a ul t  roo m.
Presntly ( AT 1 1 :00P M Su n da y)w e hav e one  c i rc u it operational in t he  build ing and 50% of th e
          Relia nt g ea r  on line). Weare s till opera t ing allsyste ms
safe ly on the b ack up s yte msfor  th e pa st 36 hours.I t  isex pectedRel aint
w ill  be  co mpl et e by 7:00 am.
   C la rk ;th e e ngine e rs and M EP  su bs  sh all b e  condu cting  a t ho ro u ghsystemre v i ew a nd  r epir s a srequi redo f a ll syst ems throu gho u t th ebu ildingduring
the c om ing
   wee k.

I n summ a r y, the b ack up systems in bothf aciliti esdid e ngag e and ope rat e as des i gned;howeve r, du etot h e ext r e me  co nd itons ands t res s pla ce d up on the
systems the facil i tyheld up extre mel y we l l .I w o ul d  al so lik e to note
throug hout the o rd e al  beginning Fri da y eveni ng thro ugh S u nday, e veryone (Enron Ne tW orks ; E ESFacilities Clark Co nst;Way E n gring ; Fi sk El ect ric;He nd ers on
E lectri c ; K W-Pil lar;Hi ne s) did  an o ut standing  job under enourmous pr essure
and  th e most se ver e  co nditionsI ha ve seen in  do wnt own H ous t on. Comm u ni cat i on, a roun d  the cloc k  w ork an d cool head s m ana ged t o a s sess d amag e
and develop ac t ion/restoratio n pl a n s t o f a cili ta te repairs for  Mo nd a y  busines s
Let

 went_off line._Prior to the flooding_Clark had_been_in the_process_of
tieing in_the temporary feed_into the back up_system by 7-1-01_in_prep for
the migration (Response)
 * Clark used back up water pumps to_pump_out and_clean_the_Reliant
electrical vault, as well_as maintained operation of the_back up_systems
 * The Data Ctr AHU's were kept_on_line with the_dehumidifiers/blowers to
modulate the airflow in the Data Ctr._EPSC had Way Engr techs use_
temp/humidity probes
 ___to monitor the areas._The recordings indicated temps on Lvs_8 & 9 did not
exceed_78 degrees and relative humidity did not_exceed 68% during the outage
 *_Clark/Fisk Elec/EPSC coordinated desing efforts_and obtained_gear on an
emergency basis_and completed the_tie in_off the temporary_coolong tower to
the
 _  generators_by 10:30pm
 * Reliant Energy is_still_cleaning and replacing_gear_in_th vault_room.
Presntly (AT_11:00PM_Sunday) we_have_one circuit operational in the building_
and_50% of the
    _   __   _Reliant  gear on line)._We are still operating all systems_
safely on_the back_up sytems for the past 36 hours. It is expected Relaint_
will be complete by 7:00am.
 _ Clark; the engineers_and MEP_subs_shall be conducting_a_thorough system_
review and repirs as required of all_systems throughout_the building during
the coming
 _ week.

In summary, the_back_up systems in both facilities did_engage and operate as
designed; however,_due to the extreme conditons_and_stress_placed upon the
systems the_facility held up extremely well. I_would also like_to note
throughout the ordeal beginning Friday_evening_through Sunday, everyone
(Enron NetWorks;EES FacilitiesClark_Const;Way_Engring;Fisk Electric;Henderson
Electric; KW-Pillar;Hines) did an_outstanding_job_under enourmous pressure
and the_most severe conditions I have seen_in downtown Houston.
Communication, around the clock work _and cool heads_managed to assess damage
and_develop_action/restoration_plans to facilitate repairs for Monday business

Let


, if you want to make it to the top. Veteran journalist Sam Donaldson
offers this career advice: to succeed, you'll have to work at it one day at a
time.
http://ww1.lfmn.com/actv/sr2.asp?u=932861&v=3787&url=18&c=125139&pr=1007&cf=1&
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, if you want to make it to the top. Veteran diarist Sam Donaldson
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.
?????In other developments Friday:
?????* Preparing for a summer of tight energy supplies, the Public Utilities
Commission proposed an overhaul of a controversial program in which
businesses won reduced rates in exchange for having to go dark during power
shortages. The "interruptible" program had caused businesses to lay off
employees when their power was cut for weeks at a time.
?????The PUC said new members of the program would not have power cut for
more than four hours a day or 40 hours a month; existing customers' cuts
would be limited to six hours a day.
?????* A day after Energy Secretary Spencer Abraham predicted long blackouts
this summer, the PUC also tinkered with the way power is cut in California.
The commission asked utilities to tell customers what block of circuits they
are on. If that block must be blacked out, they could be warned by the news
media.
---
?????Simon reported from Washington and Rivera Brooks from Los Angeles. Times
staff writer Nicholas Riccardi contributed to this story.
------------------------------------------------------------------------------
---------------------
Hard-Boiled Bidding for Kilowatts
Water agency said to be in over its head as a trader
David Lazarus, Chronicle Staff Writer
Sunday, March 18, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/18/M
N159243.DTL

Sacramento -- The last line of defense in coping with California's energy
crisis is a narrow, windowless room in a former department store on the
outskirts of the state capital.
There, a handful of men and women huddle over computer screens on a couple of
folding tables for as long as 14 hours a day. Junk-food wrappers and bags of
candy share the cluttered space with detailed charts and analyses.
The numbers flash across the monitors -- offering prices from power companies
stretching from Canada to Texas. There is little time to think. Within
seconds, the traders are committing millions of dollars in public funds to
secure enough electricity to keep California's lights on.
This is, most people agree, not a good way for

.
? ?? ?? In other developments Friday:
? ?? ?? * Preparing for a summer of tight department of energy provision, the Public Utilities
 Commission proposed an overhaul of a controversial platform in which
 commercial enterprise won reduced rate in rally for having to go dark during power
 dearth. The " interruptible " program had caused occupation to lay off
 employees when their power was cut for weeks at a time.
? ?? ?? The PUC say new members of the program would not consume power cut for
 more than four hours a day or 40 hour a month; existing customers' cuts
 would be limited to six hour a day.
? ?? ?? * A day after Energy Secretary Spencer Abraham predicted long blackouts
 this summer, the PUC also tinkered with the way power is cut in California.
 The commission asked utilities to tell customers what block of circuits they
 are on. If that pulley must be blacked out, they could be warned by the newsworthiness
 medium.
 ---
? ?? ?? Simon reported from Washington and Rivera Brooks from Los Angeles. Times
 staff writer Nicholas Riccardi contributed to this floor.
 ------------------------------------------------------------------------------
 ---------------------
 heavily - Boiled Bidding for Kilowatts
 Water agency said to be in over its head as a trader
 David Lazarus, Chronicle Staff Writer
 Sunday, March 18, 2001
, 2001 San Francisco Chronicle
 URL:
 http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/18/M
 N159243.DTL

 Sacramento -- The final line of defense in coping with California's energy
 crisis is a narrow, windowless room in a former department store on the
 outskirts of the state capital.
 There, a handful of men and charwoman huddle over computer screen on a couple of
 fold tables for as long as 14 hours a day. Junk - food wrappers and base of
 candy contribution the cluttered space with detailed charts and analysis.
 The numbers dart across the monitors -- offering monetary value from power company
 stretching from Canada to Texas. There cost little prison term to think. Within
 seconds, the traders are committing millions of dollar in public funds to
 secure enough electricity to keep California's lights on.
 This is, most people agree, not a good way for

.
?????In lther developments Fridan:
?????* Preparing for c summec of tifht enerey supplies, the Public Utilivies
Commussion proposed an ovefhaul of w controcersmal program in wijch
busluessea won ceduced rates ik exchange xor having to co dcrk during power
shortages. The "interwuptiblr" orogram had caosed ntsinssses to lay off
employees when thsir powtr was cut for weels at a time.
?????The PUC said jew lembers of the prohram would bot rqve power cug for
more than four hkurs a day or 40 hours a month; exkstiny customers' cyts
fould be linited to six hours a day.
?????* D day agter Energy Segretacy Spencer Abraham predicved long blackouts
tris summes, che PUC also tinkered wuth tve wdy puqer is cnt jn Callfocnia.
The cojmission asjed utilities to tekl bistomers whaf bloch jf circuits they
are on. If that block mlst ge blacked out, they couod be warned by the ngws
media.
---
?????Fimon reported from Washington and Rivera Brooks xrom Mus Ckneler. Tlmes
staff writer Nicholas Riccardi contributqs uo nhis story.
------------------------------------------------------------------------------
---------------------
Hard-Boijed Bidding flr Hilowatts
Watgr ageneg aaid to be in over its hewd as a trader
Davod Lazarus, Chronicle Staff Qriter
Sunday, Narch 18, 2001
,2001 San Francnsco Chronicue
UTL:
httl://www.sfgate.com/cgi-bin/artiele.cgi?rile=/chronicpe/archive/2001/03/18/J
V159243.DTL

Sacramento -- Thv lavt line of defense in copigg with Celifoxnia's endrgy
crisif is a nargow, wltdowless room in a formgr depdrtment stlre on the
outskirts of the stavx capital.
Thete, d hdndful oy men snd women hudqle over compujer screeus on x couple or
foldiig tables fow as long as 14 jours a day. Ounk-food rrappers and baer of
candy shate the clltuered spacw with detailed cherts znd analyses.
Thz bumbers flash avrors ehv mpnydors -- offeritg pficdx froo power comiankes
xtretching from Canaga tk Texas. There is lotble time jo think. Rithin
secondx, the traders are fommivting oillipns of dollars in public funds to
secure ejounh electricitr to keep Califoxnia's lights on.
This is, most people agrex, not a good way for

. ?????In other developments Friday: ?????* Preparing summer tight energy the Public Utilities a program in which won reduced rates exchange for having to go dark power shortages. The "interruptible" program had caused businesses to lay off employees when power was cut for weeks at a time. ?????The PUC said new members the would have cut for more than four hours a day or 40 hours a month; existing customers' cuts be limited to six hours a day. ?????* day after Energy Secretary Abraham predicted long blackouts this the also tinkered the power cut in California. commission asked utilities to tell customers what block of circuits they are on. If that block must blacked out, be warned the media. ?????Simon reported from Rivera Brooks from Los Angeles. Times Riccardi contributed to this story. ------------------------------------------------------------------------------ --------------------- Hard-Boiled for Kilowatts agency said to be in over head as a trader David Lazarus, Chronicle Staff Sunday, March 18, 2001 ,2001 San Francisco Chronicle URL: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/18/M N159243.DTL Sacramento -- The last defense in coping with energy crisis is narrow, room a department store the outskirts of the state capital. There, a handful of men women huddle over computer screens on a couple of folding as as 14 hours day. Junk-food wrappers and of share the cluttered space charts analyses. across monitors offering prices from power stretching from Canada to Texas. is little time to are committing millions of dollars in public funds secure enough electricity to keep California's lights This is, most people agree, not a good way for

.
?????In other developments Friday:
?????* preparing fOr a suMmeR of TiGht eNergY supplies, the PuBLic UTilities
Commission propOsed aN oVErhaUL oF a conTroversIAl PROgrAm In WhiCh
BUsInessEs wOn reducEd rates in eXchAnGe for having tO Go Dark during PowEr
shortages. THe "iNterruPtIblE" ProgrAm hAd cauSed busINesses To lay off
eMpLOyees wHEn their POWeR was Cut for weeks at a timE.
?????thE pUC said new membErs of tHe PRoGRAm wOulD not have poWeR cut fOR
more thAN fOUR HouRS a day or 40 hours a Month; existiNG cuStomerS' cUts
WOuld be LimitEd TO siX hours a day.
?????* A Day aFter EnergY SecreTAry SpenCEr AbrahAm predIctEd lOng bLAcKoUts
ThIS suMMeR, thE pUC Also tinkErEd With tHe waY POWEr is Cut In CaLiforNia.
The commissIon AskeD UtiLitieS to teLl cuStOmers What blOck of CiRcuits they
are on. if thAt block muSt bE bLacKeD out, tHEy coulD be WarNed by thE news
meDIa.
---
?????SImON REpOrted from WashingtoN aND riVera BrooKs from lOs anGEles. TimeS
sTafF wriTER NichOlas rIcCardi conTributED tO tHis storY.
------------------------------------------------------------------------------
---------------------
HArd-BoiLeD BiDdiNg for kIlowAtts
WaTer agencY said TO be in over its heAD as a trader
DavID LAZArUS, ChrOniCle Staff WriTer
SUNday, marcH 18, 2001
,2001 saN FrANciscO ChroNiCLe
urL:
http://www.sfgate.com/cGi-Bin/artIcle.cGi?file=/chronicLe/archive/2001/03/18/M
n159243.dtl

SacrameNto -- THE lASt line of defensE in coPing with CaLIfornia's EnergY
crisis iS a narrow, wINDowless rOom In a ForMer DEPaRtment store on THE
outSkIrts of tHe sTate capItaL.
ThEre, A haNdFul of men aNd women hUdDlE oVeR coMputeR Screens oN a CouPlE of
FoldiNG tableS for aS lonG aS 14 hOUrs A day. JunK-FoOD WrapPeRs And bAgs Of
Candy SharE The ClutterEd space wiTh dETailEd ChArts and Analyses.
The nuMbErs flash acRoSs tHe moniTORs -- offeriNg prices from power companIEs
stretChiNg froM CanAda to TexaS. ThEre is lIttLE time tO think. withiN
sEcoNDS, the tRADeRs aRe Committing MILliOns of DoLlarS in publIc funds to
secure enoUGh eLectricity to kEep caliFORnIa's LIgHTs oN.
THIs iS, MOst people agree, nOt a good way FoR

.
?????In other developmen ts Friday:
???? ?*Pre pa ring  for  a summer of t i ghtenergy supplies, the P ublic  U t ilit i es
Com mission pr o p ose dan  ov er h au l ofa c ontrove rsial prog ram  i n which
bus i ne sses won r edu ced rates in  ex change  f orh aving  to  go d ark du r ing po wer
shor ta g es. Th e  "inter r u pt ible " program had cau s ed businesses tolay of fem p l oye eswhen their  p owerw as cutf or w e eks at a time.
? ????The PUC sai d newme mbe r s of t he pr og r amwould not h avepower cut  for m ore tha n  four h ours a  da y o r 40 ho ur s a  m o nth ;  e xis t ing  custome rs 'cuts
wou l d b e li mit ed t o six  hours a day.
?? ???* A d ay af ter E nerg ySecre tary S pence rAbraham predict ed l ong black out s
th is  summ e r, the  PU C a lso tin kered w i thth e w ay  power is cut in C al i f or nia.
Th e comm i ss io n  asked u ti lit iest o  tell  cus t om ers what  block of  c ircuits  t hey
a re  on . I f tha t  blo ck mus t be bla ckedo ut, they could be warned byt he n ew s
me dia .
---
???? ?Sim o n re port e dfro m  Wash ingto na nd Rivera Brooks fromLo s Ange les.Times
staffwriter Nic h o l as Ricca rdic on t ributed to thi s sto ry.
------ - -------- ----- -------- --------- - - -------- --- --- --- --- - - -- ------------- - -
--- -- ------- --- ------Har d-B oil edBi dding for  Kilowat ts  Wa te r a gency said tobe  in  o ver  itsh ead as  a tr ader  Da v idLazarus ,  C h r onic le  S taff  Wr it er
Su nday ,  Ma rch 18,  2001
,2 001 SanFr an cisco C hronicle
URL :
http://ww w. sfg ate.co m / cgi-bin/ article.cgi?file=/chron i cle/arc hiv e/200 1/03 /18/M
N15 924 3.DTL

S a cramen to --The l as t l i n e ofd e fe nse  i n coping w i t h C alifo rn ia's  energy
crisis is a narr o w,windowless ro omin a f or mer de p art me n t s t o re on the
outs kirts of t he st ate capita l . Th ere, ahandful  of m e n and w omen hudd le over c om pute r scr eens on acouple o f
foldin g  tabl e sfor a s l ong as  1 4 h oursa day. Jun k-foo d wrap pe rs and  bags  o f
candy  share the cluttered sp ace wi th de tai led chart s a n d a nalyses.
The  numbers f las h a cross  th e  moni tors --  of f ering  pri c es from p o we r c o m pa nies
stret c h i ngfromCan a da toTexa s. There is littl e  time to think . Wi t h in
se c onds ,the traders ar e c om m i tting mi ll ions of dol lars inpu b lic f unds t o
sec ure eno u g he lectri city  to  keep Cal ifo rn i a's lig ht so n.
Th is i s,  mostpeople agre e ,  not a good wayfor

.
?????In other_developments Friday:
?????*_Preparing for a summer_of tight_energy_supplies, the_Public_Utilities
Commission proposed_an overhaul of_a controversial program in_which
businesses won_reduced_rates in exchange for having to go dark during power
shortages. The "interruptible" program_had_caused businesses_to_lay_off
employees when their power_was cut for weeks at_a time._
?????The PUC said new members of the program_would_not have power_cut for
more than four hours a day or_40 hours a month; existing customers'_cuts
would be_limited_to_six hours a day.
?????*_A day after Energy Secretary Spencer_Abraham predicted long blackouts
this summer,_the PUC also tinkered with the way_power is cut in California.
The_commission asked utilities to tell_customers what_block of circuits they
are_on. If that_block must_be blacked out,_they could be warned by the_news
media.
---
?????Simon_reported from Washington and Rivera Brooks_from_Los Angeles. Times_
staff_writer_Nicholas Riccardi_contributed to this_story.
------------------------------------------------------------------------------
---------------------
Hard-Boiled_Bidding for_Kilowatts_
Water agency said to be in_over_its head as a trader
David Lazarus,_Chronicle Staff Writer
Sunday, March_18,_2001
,2001 San Francisco_Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/18/M
N159243.DTL

Sacramento --_The last line of defense in_coping with_California's energy_
crisis is a narrow, windowless room in a former department store_on the
outskirts of the state_capital.
There, a handful_of men_and_women huddle over_computer_screens on_a couple of
folding tables for as_long as_14 hours a day. Junk-food wrappers_and bags of
candy_share_the cluttered space with detailed charts_and analyses.
The numbers flash across_the monitors -- offering prices_from_power_companies
stretching from Canada to_Texas. There is little time to_think. Within
seconds,_the traders are committing millions of dollars_in_public funds to
secure enough electricity_to_keep California's lights on.
This is,_most_people_agree, not a good way_for


 cleared by the government include those of Housing
Development Finance Corporation, Akzo Nobel Chemicals International BV of The
Netherlands, BNP Paribas, TotalFina Elf and Saloman Smith Barney India.
Broadband Solutions Pvt Ltd, an Enron group promoted project, has been
allowed to buy out its joint venture partners to increase stake to 100 per
cent and infuse additional equity to the extent of Rs 230 crore.
TIDCO has been allowed to increase foreign equity stake in a venture that is
setting up a hi-tech industrial park to 99 per cent from the existing level
of 89 per cent. This will see infusion of Rs 148.03 crore into the venture.
Maran has also cleared the proposal of Financiere Lafarge of France to
increase stake in Lafarge India Ltd to 12.48 per cent from the existing level
of 4.61 per cent.
The additional shares would be acquired from HDFC and two investment
companies for Rs 95.52 crore. With this, the total holding of the French
cement major will go up to 73.13 per cent in its Indian subsidiary.
HDFC has been allowed to allot 26 per cent equity stake to Standard Life
Investments of Scotland for Rs 56.60 crore for portfolio management services,
management and advisory services.
Akzo Nobel Chemical has been allowed to increase equity stake in a project to
74.98 per cent from the existing level of 40 per cent.
The Dutch company will infuse Rs 34.20 crore for the additional stake.
BNP Paribas Equities has been allowed to issue preference shares worth Rs 26
crore for its non-banking financial services.
The 5 per cent redeemable non-cumulative non-convertible preference shares
would be subscribed by BNP Equities Mauritius. Saloman Smith Barney India,
too, has been allowed to increase preference equity.
The Citibank group entity will Rs 24.91 crore for additional preference
equity in the Indian subsidiary.
TotalFinaElf has been allowed to incorporate a 100 per cent owned subsidiary
with investment of Rs 23 crore to provide technical, managerial and
operational support services in the development of projects and
infrastructure facilities for oil,

cleared by the government include those of Housing
 Development Finance Corporation, Akzo Nobel Chemicals International BV of The
 Netherlands, BNP Paribas, TotalFina Elf and Saloman Smith Barney India.
 Broadband Solutions Pvt Ltd, an Enron group promoted project, has been
 allow to bribe out its joint venture partners to increase interest to 100 per
 penny and infuse additional equity to the extent of roentgen 230 crore.
 TIDCO has been allowed to increase foreign fairness interest in a venture that is
 set up a hi - tech industrial park to 99 per penny from the existing level
 of 89 per cent. This will see infusion of Rs 148.03 crore into the venture.
 Maran has also net the proposal of Financiere Lafarge of France to
 increase stake in Lafarge India Ltd to 12.48 per penny from the existing level
 of 4.61 per penny.
 The additional share would be acquired from HDFC and two investment
 companies for Rs 95.52 crore. With this, the total retention of the French
 cement major will go up to 73.13 per cent in its Indian subsidiary.
 HDFC has been allowed to allot 26 per cent equity stake to Standard Life
 Investments of Scotland for Rs 56.60 crore for portfolio management services,
 management and advisory services.
 Akzo Nobel Chemical has been allowed to increase equity stake in a project to
 74.98 per cent from the existing degree of 40 per cent.
 The Dutch company will steep Rs 34.20 crore for the additional stake.
 BNP Paribas Equities has been allowed to publish preference shares worth Rs 26
 crore for its non - banking fiscal services.
 The 5 per cent redeemable non - cumulative non - convertible preference shares
 would be subscribed by BNP Equities Mauritius. Saloman Smith Barney India,
 too, has been allowed to increase preference equity.
 The Citibank group entity will Rs 24.91 crore for additional predilection
 equity in the Indian subsidiary company.
 TotalFinaElf has been admit to incorporate a 100 per cent owned subordinate
 with investment of Rs 23 crore to provide technical, managerial and
 functional support service in the development of projects and
 infrastructure facility for oil,

 clfared by the government lnclude those of Housinj
Develkpment Fknance Corporation, Akzo Nobep Xhemixals International BV uf The
Nenherlands, BNP Paribas, TovzlFina Cjf ahf Saniman Smith Barkey India.
Bsoadband Soluthovs Pvt Ltd, an Enron group promoted prjject, hss been
allowed jo buj jut jns joint venture partners to indrease vtake to 100 per
cent and infuse additionap eqkity to the extent of Rs 230 crots.
TYECO has been allowed to increase fkreign equity stake in a venturd thac is
settint yp w hi-tech indnstriaj park to 99 pcg cent xrom thr existing levcl
of 89 pwr cent. This will see infusion of Rs 148.03 ctore into dhz venture.
Maran has aosi cledred the proooszl or Finajcixre Lafarge of France ro
increase stake im Jqfarge India Mtd to 12.48 [er cent from the existing level
of 4.61 peg ceht.
The additional sharew would be acquired ftom HDFC agd two investment
companies for Rs 95.52 crore. With thhs, thx gotco holaunh of the French
cement major will go up to 73.13 pqd vekt in its Indian subsidiary.
HFFV has been alluwed to amlot 26 per cent equlty stahe to Standard Lifr
Investments of Scotland fir Rs 56.60 crore dor portfolio manayement serviees,
mamagemrnt and advisory serviczs.
Akzk Nobel Chelical has ceen allowed to kncgeasa equity stake in a projece to
74.98 per cenc from tfe ecistind level of 40 per cent.
The Dutch comoany cill hnfuse Rs 34.20 crore for the additional stake.
BNP Paribas Eauhtivs has bezn allpwed to issue preference shcres worch Rs 26
crore for its noi-banking finwncial servicad.
The 5 per cxnt redeeiablw nob-cumulagkve non-convertoble prefvrtnce sharew
would be subscrined bi GNP Equities Mabxiuiys. Saloman Smiyh Cargej Iidia,
emo, has been dlloded yo inzrease kxefcrevce rquity.
The Citibank croul entity will Rs 24.91 vrjre for qdditionwl preference
equity in the Indlan snbsidiery.
ToyalSinaElf has been allowed to indorporate a 100 per cent owged wubsidiary
wnth investment of Rs 23 crore to provide txchnical, managerial and
operational supporj strvices in thx devejopment ox projects and
infrawtructure facilitles for oil,

cleared by the government include those of Finance Akzo Nobel International BV of Elf Saloman Smith Barney Broadband Solutions Pvt an Enron group promoted project, has allowed to buy out its joint venture partners to increase stake to 100 cent and infuse additional equity to the extent of Rs 230 crore. TIDCO been to foreign stake in a venture that is setting up a hi-tech industrial park to 99 per cent the existing level of 89 per cent. This see infusion of Rs crore into the venture. Maran also the proposal Financiere of to increase stake Lafarge India Ltd to 12.48 per cent from the existing level of 4.61 per cent. The additional would be HDFC and investment for 95.52 crore. With total holding of the French cement up to 73.13 per cent in its Indian HDFC has allowed to allot 26 per cent stake to Standard Life Investments of Scotland for 56.60 crore for portfolio management services, management and advisory services. Akzo Nobel Chemical has been increase equity stake in project to 74.98 cent the level 40 per The Dutch company will infuse Rs 34.20 crore for the additional BNP Paribas Equities has been allowed to issue preference shares 26 for its non-banking services. The 5 per redeemable non-convertible preference shares would by Equities Barney too, been allowed to increase equity. The Citibank group entity Rs 24.91 crore for Indian subsidiary. TotalFinaElf has been allowed to incorporate 100 per cent owned subsidiary with investment Rs 23 crore to provide technical, managerial and operational support services in development of infrastructure facilities for oil,

 cleared by the government incLude those oF HousIng
devElOpmeNt FiNance CorporatiON, AkzO Nobel Chemicals InternaTionaL Bv Of ThE
neTherlAnds, BNP pArIBAs, TOtAlfinA ELF aNd SalOmaN Smith BArney India.
broAdBand SolutionS pvT Ltd, an EnroN grOup promoted pRojEct, has BeEn
aLLowed To bUy out Its joiNT ventuRe partnerS tO IncreaSE stake tO 100 PEr
Cent And infuse additionAL eQUity to the extenT of Rs 230 cRoRE.
TidcO hAs bEen allowed To IncreASe foreiGN eQUITy sTAke in a venture That is
settiNG up A hi-tecH iNduSTrial pArk to 99 PeR CenT from the exiStinG level
of 89 pEr cent. tHis will SEe infusIon of RS 148.03 crOre Into THe VeNtuRe.
mAraN HaS alSO clEared the PrOpOsal oF FinANCIEre LAfaRge oF FranCe to
increase sTakE in LAFarGe IndIa Ltd To 12.48 peR cEnt frOm the eXistiNg Level
of 4.61 per cent.
THe adDitional sHarEs WouLd Be acqUIred frOm HdFC And two iNvestmeNT
coMpANIEs For Rs 95.52 crore. With this, ThE TOtAl holdinG of the fReNcH
Cement maJoR wiLl go UP To 73.13 per Cent IN iTs Indian SubsidIArY.
HdFC has bEeN allowEd To aLloT 26 per cENt eqUity stAke to StaNdard lIfe
Investments OF Scotland for RS 56.60 CrORE fOR porTfoLio managemeNt seRViceS,
manAGeMenT And adVisorY sERvICes.
Akzo Nobel ChemicaL hAs been AllowEd to increase eQuity stake IN A Project tO
74.98 per CEnT From the existinG leveL of 40 per cent.
tHe Dutch cOmpanY will infUse Rs 34.20 crorE FOr the addItiOnaL stAke.
bnp PAribas EquitieS HAs beEn Allowed To iSsue preFerEncE shAreS wOrth Rs 26
croRe for its NoN-bAnKiNg fInancIAl servicEs.
the 5 PeR ceNt redEEmable Non-cuMulaTiVe NOn-cOnvertiBLe PREferEnCe SharEs
wOuLd be sUbscRIbeD by BNP EQuities MaUriTIus. SAlOmAn Smith barney India,
toO, hAs been alloWeD to IncreaSE PreferenCe equity.
The Citibank grouP Entity wIll rs 24.91 croRe foR additionAl pRefereNce
EQuity iN the InDian sUbSidIARy.
TotALfiNaELf Has been allOWEd tO incoRpOratE a 100 per ceNt owned subsidiary
wITh iNvestment of Rs 23 CroRe to PROvIde TEcHNicAl, MAnaGERial and
operatioNal support SeRViCes in the deVEloPmEnt of prOjects aNd
infRAstructUre faciliTies for oiL,

 cleared by the government  include t hoseofHou si ng Deve lopment Financ e  Cor poration, Akzo Nobel C hemic al s  Int e rn ation al BV o f  T h e
N et he rla nd s ,BNP P ari bas, To talFina El f a nd  Saloman Smi t hBarney Ind ia.
BroadbandSol utions  P vtL td, a n E nrongroupp romote d project ,h as bee n
allow e d  t o bu y out its joint v e nt u re partners to  incre as e  s t a keto100 per
c en t and infusea dd i t i ona l  equity to th e extent of Rs230 cr or e.TIDCOhas b ee n  al lowed to in crea se foreig n equi t y stake in a ve nturetha t i s
s e tt in g u pa  hi - te chi ndu strial p ar kto 99  per c e n t fr omtheexist ing level
of  89  per cen t. Th is wi ll s ee  infu sion o f Rs14 8.03 crore into  the  venture.
M ar anha s als o  clear edthe  propos al of F i nan ci e r e  L afarge of France t oi nc rease st ake in La fa r ge India  L tdto 1 2 . 48 pe r ce n tfrom the  exist i ng  l evel
o f4.61 p er  ce nt.
The addi tional  shareswould be acquired fr o m HDFC and tw o  i n v es t ment
c ompanies fo r Rs 95.5 2 cr o re . W i th th is, t he to t al holding of the F re nch
c ement  major will g o up to 73 . 1 3  per cen t in it s  Indian subsid iary.
HDFC has been all owedto allot  26 per c e n t equity  st ake  to  St a n da rd Life
Inve s t ment sof Scot lan d for R s 5 6.6 0 c ror efor portf olio man ag em en tser vices ,
manage me ntan d a dviso r y serv ices.
Ak zo  N o bel  Chemic a lh a s be en  a llow edto  incr ease equ ity sta ke in a p roj e ct t o
7 4.98 pe r cent from t he  existingle vel  of 40 p er cent.
The Dutch company wil l  infuse  Rs  34.2 0 cr ore for t headditi ona l  stake .
BNP  Pari ba s E q u ities h as  be en  allowed t o iss ue pr ef eren ce shar es worth Rs 26
cr o refor its non-b ank ingf i na nci a ls erv ic e s.T he 5 per cent r edeemableno n -c umulativen on- co nvertib le pref erenc e  shares
would b e subscri be d by B NPEquities M auritius . Saloman Smith Ba rneyInd ia,
t oo , h as be en all o wed  to i ncreas eprefer enceeq uity.
T he Citibank group entit y will  Rs 2 4.9 1 crore f ora ddi tional pr efer ence
equi tyinthe I ndi a n sub sidi a ry . T otalF inaE l f has bee n  a llo w e dto incorpor a t e  a100 p erc ent ow nedsubsidiary
withi nvestment of R s 23 c ror e t o  pro vi de technical,man ag e r ial and
o perationalsupportse r vices  in th e deve lopment o fp roject s an d infrastru ctu re facilit ie sf or oil ,

 cleared_by the_government include those of_Housing
Development_Finance_Corporation, Akzo_Nobel_Chemicals International BV_of The
Netherlands,_BNP Paribas, TotalFina Elf_and Saloman Smith_Barney_India.
Broadband Solutions Pvt Ltd, an Enron group promoted project, has been
allowed to_buy_out its_joint_venture_partners to increase stake to_100 per
cent and infuse_additional equity_to the extent of Rs 230 crore.
TIDCO_has_been allowed to_increase foreign equity stake in a venture that is_
setting up a hi-tech industrial park_to 99 per_cent_from_the existing level
of_89 per cent. This will see_infusion of Rs 148.03 crore into_the venture.
Maran has also cleared the_proposal of Financiere Lafarge of France_to
increase stake in Lafarge_India Ltd_to 12.48 per cent from_the existing level_
of 4.61_per cent.
The_additional shares would be acquired from_HDFC and two_investment
companies for Rs 95.52 crore._With_this, the total_holding_of_the French_
cement major will_go_up to_73.13_per cent in its Indian subsidiary._
HDFC_has been allowed to allot 26 per_cent equity stake to_Standard_Life
Investments of Scotland_for Rs 56.60 crore for_portfolio management services,
management and advisory_services.
Akzo_Nobel Chemical_has been allowed to increase equity stake in a project to_
74.98 per cent from the existing_level of 40 per_cent.
The_Dutch_company will infuse_Rs_34.20 crore_for the additional stake.
BNP Paribas Equities_has been_allowed to issue preference shares worth_Rs 26
crore for_its_non-banking financial services.
The 5 per_cent redeemable non-cumulative non-convertible preference shares_
would be subscribed by BNP_Equities_Mauritius._Saloman Smith Barney India,
too,_has been allowed to increase preference_equity.
The Citibank_group entity will Rs 24.91 crore for_additional_preference
equity in the Indian subsidiary._
TotalFinaElf_has been allowed to incorporate a_100_per_cent owned subsidiary
with investment_of Rs 23 crore to provide_technical, managerial and
operational support services in the development_of projects and_
infrastructure facilities for oil,


, diverse.

			Virtual Road Trip Take a trip to Austin, or as U.T. folks call it, "the big
surprise awaiting prospective business students." And while you're there,
stop in at Chuy's, a great place for tongue-sizzlin' Tex-Mex in a campy diner
environment. You'll find a thousand fish over the bar, tailfins from an old
car, Elvis, and other wild items on the walls and ceiling. But hey, the decor
actually works.
			?
			[CAMPUS TOUR]

			 [GMAT Sampler]

			1.  In 1988, was the number of people in City X greater than three times the
number of people in City Y?

			(1)  In 1988, there were approximately 1.1 million more people in City X than
in City Y.
			(2) In 1988, the 300,000 Mormons in City X made up 20 percent of its
population, and the 41,000 Buddhists in City Y made up 30 percent of its
population.

			(A) if statement (1) ALONE is sufficient, but statement (2) alone is not
sufficient to answer the question asked;
			(B) if statement (2) ALONE is sufficient, but statement (1) alone is not
sufficient to answer the question asked;
			(C) if BOTH statements (1) and (2) TOGETHER are sufficient to answer the
question asked, but NEITHER statement ALONE is sufficient;
			(D) if EACH statement ALONE is sufficient to answer the question asked;
			(E) if statements (1) and (2) TOGETHER are NOT sufficient to answer the
question asked, and additional data specific to the problem are needed.

			2. Television programming experts maintain that with each 1% increase in the
prime-time ratings of a television station there is a 3.5% increase in the
number of people who watch its evening news program. However, in the last ten
years at Channel NTR, there was only one year of extremely high prime-time
ratings and, during that year, fewer people than ever watched Channel NTR's

, diverse.

			 Virtual Road Trip Take a trip to Austin, or as U.T. folks visit it, " the boastful
 surprise awaiting prospective business students. " And while you're there,
 break in at Chuy's, a great place for natural language - sizzlin' Tex - Mex in a campy diner
 environment. You'll recover a thousand fish over the bar, tail fin from an old
 car, Elvis, and early wild items on the walls and ceiling. But hey, the decor
 actually works.
			?
			 [ CAMPUS TOUR ]

			  [ GMAT Sampler ]

			 1.   In 1988, was the number of people in City X great than three times the
 number of people in City Y?

			 (1)   In 1988, there exist approximately 1.1 million more people in City X than
 in City Y.
			 (2) In 1988, the 300,000 Mormons in City X made up 20 percent of its
 population, and the 41,000 Buddhists in City Y made up 30 percentage of its
 population.

			 (A) if affirmation (1) ALONE is sufficient, but statement (2) alone is not
 sufficient to suffice the question asked;
			 (B) if statement (2) ALONE is sufficient, but statement (1) alone is not
 sufficient to answer the question asked;
			 (C) if BOTH statements (1) and (2) TOGETHER are sufficient to answer the
 question asked, but NEITHER statement ALONE is sufficient;
			 (D) if EACH argument ALONE is sufficient to answer the motion ask;
			 (E) if statements (1) and (2) TOGETHER are NOT sufficient to suffice the
 question ask, and additional data specific to the trouble are needed.

			 2. Television programming experts maintain that with each 1% increase in the
 prime - time ratings of a television station there is a 3.5% addition in the
 number of multitude who determine its evening news program program. However, in the last ten
 years at Channel NTR, there constitute only one year of extremely eminent prime - time
 ratings and, during that year, few people than ever watched Channel NTR's

, digerse.

			Virtual Road Trip Uake a trip to Austin, or as U.T. folks cxll it, "the big
surprise awaiving proskvctive business studevts." And wjile you'ee tiere,
stop in at Rguy's, a nxeat lpace hor tongue-sizzlln' Tex-Mex it a campy dines
dnrironment. You'll find a thousand fish over tne bar, tailfins srom wn omd
car, Elvis, and other wild items kn the xalls and ceilimg. But hey, the decor
actuaply aorks.
			?
			[CAMPUS TOUR]

			 [HMAT Samplet]

			1.  Ig 1988, was the nuober of people in City X greater than three times the
numbzr of peoplg jn Wity Y?

			(1)  In 1988, thege were approwpmately 1.1 millipn more people in Ciry X than
in City Y.
			(2) Ii 1988, the 300,000 Mormons in Cyty X mada bp 20 percent of its
popuoatiot, ang thd 41,000 Bjddgixta in Clty Y made up 30 percent od its
population.

			(A) of wtatement (1) ALKNE is stfficient, but statement (2) alone is not
slffidient to answer the quewtion asked;
			(B) if statgment (2) ALOGE is sufficient, but statement (1) alone is not
suffhcienv go ckfdwr the question asked;
			(C) if BOTH statements (1) and (2) TPGVTHER are sufficicnt to answer the
aufsyyon asked, but NEITHZD atatement ALONE is sufficyent;
			(E) if EACH stayement ALONE is sufficient ro answer thv quwstion asked;
			(E) if dtatements (1) and (2) TOGRTHER are NOT sufficienc to ahswer the
qkestion aayed, and additionxl cada specific to the problem are needxd.

			2. Tzlevisiov prpgrammyng expertd maikdain that with eacj 1% inereasa in the
pgime-time ratings of a televisioi station thete hs d 3.5% increcse in the
number os people who wctch its evenkng news pgogram. Hoxever, in the last ten
yeasd at Channel NTR, thewe wqs obly one hear of extremrly high irnme-time
rqtings and, during bhat iezr, fewer people thqn ever watched Chxnnql NVR's

, diverse. Virtual Road Trip Take a Austin, as U.T. call it, "the students." while you're there, in at Chuy's, great place for tongue-sizzlin' Tex-Mex in campy diner environment. You'll find a thousand fish over the bar, tailfins from old car, Elvis, and other wild items on the walls and ceiling. But the actually ? TOUR] [GMAT Sampler] 1. In 1988, was the number of people in City X greater than times the number of people in City Y? In 1988, there were 1.1 million more people in X in City (2) 1988, 300,000 Mormons in X made up 20 percent of its population, and the 41,000 Buddhists in City Y made up percent of (A) if (1) is but statement (2) not sufficient to answer the question statement (2) ALONE is sufficient, but statement (1) is not to answer the question asked; (C) BOTH statements (1) and (2) TOGETHER are sufficient answer the question asked, but NEITHER statement ALONE is sufficient; (D) if EACH statement ALONE to answer the question (E) if statements and TOGETHER NOT to answer question asked, and additional data specific to the problem are needed. Television programming experts maintain that with each 1% increase in ratings a television station is a 3.5% increase the of people who watch news However, ten at NTR, there was only year of extremely high prime-time and, during that year, Channel NTR's

, diverse.

			Virtual Road Trip TakE a trip to AuStin, oR as u.T. fOlKs caLl it, "The big
surprise AWaitIng prospective business StudeNtS." and wHIlE you'rE there,
sTOp IN At CHuY's, A grEaT PlAce foR toNgue-sizZlin' Tex-Mex In a CaMpy diner
enviROnMent. You'll fInd A thousand fisH ovEr the bAr, TaiLFins fRom An old
Car, ElvIS, and otHer wild itEmS On the wALls and cEILiNg. BuT hey, the decor
actuaLLy WOrks.
			?
			[CAMPUS TOUR]

			 [gMAT SaMpLEr]

			1.  iN 1988, Was The Number of peOpLe in CITy X greaTEr THAN thREe times the
numBer of people IN CiTy Y?

			(1)  In 1988, tHeRe wERe apprOximaTeLY 1.1 miLlion more peOple In City X thAn
in CiTY Y.
			(2) In 1988, the 300,000 mOrmons iN City X MadE up 20 PercENt Of Its
PoPUlaTIoN, anD The 41,000 buddhistS iN CIty Y mAde uP 30 PERCent Of iTs
poPulatIon.

			(A) if statemeNt (1) AlONE IS suFficiEnt, buT staTeMent (2) aLone is Not
suFfIcient to answer tHe quEstion askEd;
			(B) If StaTeMent (2) AloNE is sUffIciEnt, but sTatemenT (1) AloNe IS NOt
Sufficient to answer ThE QUeStion askEd;
			(C) if BotH StATements (1) aNd (2) tOGeTHEr ARe sufFiciENt To answer The
queSTiOn Asked, buT NeITHER StAteMenT ALONe Is suFficieNt;
			(D) if EACh statEMent ALONE is sufFIcient to answeR ThE QUeSTion AskEd;
			(E) if statemEnts (1) ANd (2) TOgETHer aRe Not suffIcienT tO AnSWer the
question asked, AnD additIonal Data specific tO the probleM ARE needed.

			2. TElevISiON programming exPerts Maintain thAT with eacH 1% incrEase in thE
prime-timE RAtings of A teLevIsiOn sTATiOn there is a 3.5% incREAse iN tHe
numbeR of People wHo wAtcH itS evEnIng news prOgram. HowEvEr, In ThE laSt ten
YEars at ChAnNel nTr, thEre waS Only onE year Of exTrEmELy hIgh primE-TiME
RatiNgS aNd, duRinG tHat yeAr, feWEr pEople thAn ever watCheD chanNeL NtR's

, diverse.

			Virtual  Road Trip  Take  atri pto A usti n, or as U.T.f olks  call it, "the big
su rpris ea wait i ng  pros pective bu s i nes sst ude nt s ."  Andwhi le you' re there,
st op  in at Chuy' s ,a great pl ace  for tongue- siz zlin'Te x-M e x ina c ampydinerenviro nment. Yo u' l l find a thous a n dfish  over the bar, ta i lf i ns from an old
car,  E l vi s ,  an d o ther wildit ems o n  the wa l ls a n d c e iling. But he y, the deco r
a ctuall ywor k s.
		?
		[ C AMP US TOUR]

			 [GM AT Sam p ler]

		1.  I n 1 988 , wa s  t he  nu mb e r o f  p eop l e i n City X  g re aterthan t h r ee t ime s th e
nu mber of peopl e i n Ci t y Y ?

		(1) I n 198 8, the re we re  approximately1.1million m ore  p eop le  in C i ty X t han
i n CityY.
			( 2 ) I n1 9 8 8,  the 300,000 Mormo ns i nCity X m ade up 20  p e rcent of  i ts
pop u l ation , an d  t he 41,00 0 Budd h is ts  in Cit yY made  u p 3 0 p ercen t  ofits
p opulatio n.

			(A) if st a tement (1) AL O NE i ss uffi cie nt, but sta teme n t (2 ) al o ne  is not suffi ci e nt to answer the quest io n aske d;
		(B) if stat ement (2)A L O NE is su ffic i en t , but statemen t (1)  alone isn ot
suff icien t to ans wer the q u e stion as ked ; 		(C) i fBOTH statemen t s  (1)  a nd (2)TOG ETHER a resuf fic ien tto answer  the
qu es ti on  a ske d, bu t  NEITHER  s tat em ent  ALON E  is su ffici ent;  	(D)  if EAC H  s t a teme nt  A LONE  is  s uffic ient toanswerthe quest ion aske d;  			(E)if statements  ( 1) and (2)  T OGE THER a r e  NOT suf ficient to answer the q uestion  as ked,andadditiona l d ata sp eci f ic tothe pr oblem  a ren e eded.

			2. Tel e v isi on pr og ramm ing exp erts maintain that wit h each 1% inc rea se i n th e p ri m e-t im e  ra t i ngs of a televi sion stati on th ere is a 3 . 5%in creasein the
numb e r of pe ople whowatch its  e veni n g  ne ws program . Howeve r, in the lastt en
yea rsat Cha nn elNTR,therew asonlyone ye ar  of ex treme ly  high pr ime-time
ratings and,during  that  ye ar, fewer  pe o ple  than eve r wa tched Chan nel  NT R's

, diverse._

			Virtual Road_Trip Take a trip_to Austin,_or_as U.T._folks_call it, "the_big
surprise awaiting_prospective business students." And_while you're there,_
stop_in at Chuy's, a great place for tongue-sizzlin' Tex-Mex in a campy diner
environment._You'll_find a_thousand_fish_over the bar, tailfins from_an old
car, Elvis, and_other wild_items on the walls and ceiling. But hey,_the_decor
actually works._
			?
			[CAMPUS TOUR]

			 [GMAT Sampler]

			1.  In 1988, was the_number of people in City X_greater than three_times_the_
number of people in_City Y?

			(1)  In 1988,_there were approximately 1.1 million more_people in City X than
in City_Y.
			(2) In 1988, the 300,000 Mormons_in City X made up_20 percent_of its
population, and the_41,000 Buddhists in_City Y_made up 30_percent of its
population.

			(A) if_statement (1) ALONE_is sufficient, but statement (2) alone_is_not
sufficient to_answer_the_question asked;_
			(B) if statement_(2)_ALONE is_sufficient,_but statement (1) alone is not_
sufficient_to answer the question asked;
			(C) if_BOTH statements (1) and_(2)_TOGETHER are sufficient to_answer the
question asked, but_NEITHER statement ALONE is sufficient;
			(D)_if EACH_statement ALONE_is sufficient to answer the question asked;
			(E) if statements (1)_and (2) TOGETHER are NOT sufficient_to answer the
question_asked, and_additional_data specific to_the_problem are_needed.

			2. Television programming experts maintain that_with each_1% increase in the
prime-time ratings_of a television station_there_is a 3.5% increase in the_
number of people who watch its_evening news program. However, in_the_last_ten
years at Channel NTR,_there was only one year of_extremely high prime-time_
ratings and, during that year, fewer people_than_ever watched Channel NTR's