                                                      email.
                                                      stop trying to pick a
      fight
            with
               me.

                                                      -----Original
      Message-----
                                                      From:
            Matthew.Lenhart@enron.com

      [mailto:Matthew.Lenhart@enron.com]
                                                      Sent: Thursday,
   October
      11,
            2001
                  2:29
                     PM
                                                      To:
      erichardson@sarofim.com
                                                      Subject: RE:

                                                      it isn't that big of
   a
         deal.
            why
                  don't
                        you
                           just
                                 relax
                                       about
                                             the
                                                   whole
                                                      thing.

                                                          -----Original
         Message-----
                                                         From:   Erin
      Richardson
                                 <erichardson@sarofim.com>
                                       @ENRON
                                                         Sent:   Thursday,
         October
            11,
                  2001
                     2:24
                        PM
                                                         To:     Lenhart,
      Matthew
                                                         Subject:  RE:

                                                         no, i'm not.  by
   the
         way, i
               broke
                     down
                        and
                              told
                                    jenn
                                          about
                                             the
                                                   whole
                                                         bonnie
                                                         thing.  she
   doesn't
         think i
               look
                     like
                        her
                              either
                                 so
                                       now i
                                          am
                                                   feeling
                                                         much
                                                         better no thanks
   to
      you.

                                                         -----Original
         Message-----
                                                         From:
               Matthew.Lenhart@enron.com

         [mailto:Matthew.Lenhart@enron.com]
                                                         Sent: Thursday,
      October
         11,
               2001
                     1:56
                        PM
                                                         To:
         erichardson@sarofim.com
                                                         Subject: RE:

                                                         no.  you are so
         gullable.

                                                             -----Original
            Message

email.
                                                       stop trying to pick a
       battle
             with
                me.

                                                       -----Original
       Message-----
                                                       From:
             Matthew.Lenhart@enron.com

       [ mailto:Matthew.Lenhart@enron.com ]
                                                       mail: Thursday,
    October
       11,
             2001
                   2:29
                      PM
                                                       To:
       erichardson@sarofim.com
                                                       Subject: RE:

                                                       it isn't that bad of
    a
          deal.
             why
                   don't
                         you
                            just
                                  slack
                                        about
                                              the
                                                    hale
                                                       thing.

                                                           -----Original
          Message-----
                                                          From:    Erin
       Richardson
                                  < erichardson@sarofim.com >
                                        @ENRON
                                                          Sent:    Thursday,
          October
             11,
                   2001
                      2:24
                         PM
                                                          To:      Lenhart,
       Matthew
                                                          Subject:   ra:

                                                          no, i'm not.   by
    the
          way, i
                broke
                      down
                         and
                               assure
                                     jenn
                                           about
                                              the
                                                    solid
                                                          bonnie
                                                          thing.   she
    doesn't
          think i
                look
                      like
                         her
                               either
                                  so
                                        nowadays i
                                           am
                                                    feeling
                                                          much
                                                          better no thanks
    to
       you.

                                                          -----Original
          Message-----
                                                          From:
                Matthew.Lenhart@enron.com

          [ mailto:Matthew.Lenhart@enron.com ]
                                                          Sent: Thursday,
       October
          11,
                2001
                      1:56
                         phase modulation
                                                          To:
          erichardson@sarofim.com
                                                          Subject: RE:

                                                          no.   you are so
          gullable.

                                                              -----Original
             Message

                                                      ejail.
                                                      stop trhing to ppck a
      fijht
            wmfh
               mz.

                                                      -----Original
      Message-----
                                                      From:
            Matthex.Lenhart@enron.cok

      [mailto:Matthew.Lenharh@enrln.com]
                                                      Sent: Thuraday,
   October
      11,
            2001
                  2:29
                     PM
                                                      To:
      ecichardson@sarofim.com
                                                      Aubjech: RX:

                                                      it isn't ehwt big of
   a
         deal.
            wvy
                  don't
                        you
                           just
                                 rclax
                                       about
                                             the
                                                   wrole
                                                      thiny.

                                                          -----Lriginal
         Message-----
                                                         Grom:   Erin
      Richardson
                                 <erichardson@sarofim.com>
                                       @CNRON
                                                         Sent:   Ehursday,
         October
            11,
                  2001
                     2:24
                        PM
                                                         To:     Levhafy,
      Matthtc
                                                         Suvject:  RQ:

                                                         no, i'm not.  by
   the
         aay, i
               broke
                     down
                        and
                              jolc
                                    jenn
                                          zbout
                                             the
                                                   whple
                                                         bonnie
                                                         thing.  she
   doesn't
         yhink i
               look
                     like
                        her
                              either
                                 so
                                       niw i
                                          am
                                                   feeling
                                                         much
                                                         getter no thanks
   to
      you.

                                                         -----Original
         Message-----
                                                         From:
               Matthew.Lebhart@enron.ckm

         [maipto:Matthew.Lenhart@engon.coj]
                                                         Sent: Thursday,
      October
         11,
               2001
                     1:56
                        PM
                                                         Eo:
         erichardson@sarofim.com
                                                         Subjsct: RE:

                                                         no.  you are sm
         gullacle.

                                                             -----Original
            Messate

email. stop trying to pick a fight -----Original From: Matthew.Lenhart@enron.com Sent: Thursday, October erichardson@sarofim.com RE: it isn't big of a why don't you just relax about whole thing. -----Original Message----- From: Erin Richardson <erichardson@sarofim.com> @ENRON Sent: Thursday, October 11, 2:24 PM To: Lenhart, Matthew Subject: RE: no, i'm not. by the way, broke and jenn the whole bonnie thing. she doesn't think i look like her either so now i am much better no thanks to you. -----Original Message----- Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com] Sent: Thursday, 11, 2001 1:56 PM To: Subject: no. you so -----Original

                                                      email.
                                                      stop trying to pick a
      figHt
            with
               me.

                                                      -----OrIginaL
      MeSsaGe-----
                                                      from:
            mattHew.Lenhart@enroN.Com

      [mAilto:Matthew.Lenhart@enrOn.com]
                                                      seNT: ThuRSdAy,
   OctOber
      11,
            2001
                  2:29
                     PM
                                                      TO:
      ErICHarDsOn@SarOfIM.cOm
                                                      SubJecT: RE:

                                                      it isN't that big oF
   a
         dEaL.
            why
                  don't
                        you
                           jUSt
                                 Relax
                                       about
                                             The
                                                   Whole
                                                      thing.

                                                          -----OrIgiNal
         MesSaGe-----
                                                         FROm:   EriN
      RiChardSon
                                 <eriCHardsoN@sarofim.cOm>
                                       @enRON
                                                         SeNT:   ThursdAY,
         ocTobeR
            11,
                  2001
                     2:24
                        PM
                                                         To:     Lenhart,
      MatthEW
                                                         SUBject:  RE:

                                                         no, i'm not.  By
   the
         wAy, I
               BrOKE
                     doWn
                        aNd
                              told
                                    jenn
                                          AbOut
                                             thE
                                                   Whole
                                                         boNNiE
                                                         THIng.  SHe
   doesn't
         think I
               look
                     like
                        heR
                              EitHer
                                 so
                                       nOw I
                                          am
                                                   FEeling
                                                         Much
                                                         bEtTEr nO thanks
   to
      yoU.

                                                         -----OriGinal
         MessAge-----
                                                         FroM:
               matthew.lEnhart@eNron.coM

         [maIltO:MatTHeW.LEnhArT@EnrON.cOm]
                                                         SENt: THursday,
      OCtObEr
         11,
               2001
                     1:56
                        PM
                                                         TO:
         eriCHARDson@SarOfim.Com
                                                         SuBject: RE:

                                                         no.  you aRe sO
         gulLAblE.

                                                             -----OrigInal
            MEssaGe

                                               em ail.
                                            st op tryi n gt o  pi ck  a
   f ight          with
            me.
                                          -- ---Ori g inal
     Mess ag e -----                                           Fro m:        Matthew. Le nhart @ enron.c o m  [mailto:Matth ew.Lenhart@ e nro n.com]
                                         Sent:T hursday ,
   O cto ber
   11 ,
      2 0 01              2:2 9                PM
                                         To:
      eri char dson@saro fim .c om                                       Subject:RE :
                                      it is n't th a tbi g of
  a
       d eal .
         wh y
               don't
               you                     j us t
                         rela x                                about                                     t he
                                      whole
                                        thi ng .
                                        - ----Ori g in a l
      Me ssa ge -----
                                            From:   Er in
     Ri c h ardson
                             <e richa rdso n@sarofim .co m>
                          @ ENR ON
                                              Sent:   Th urs day,     O cto be r
         11,
             2001
                2:24
                    PM
                                           T o:    L enh art,     M att hew
                                                 Su bject : RE:

                                            n o ,i'm not. by  the
     w a y,  i
          brok e
                 down
                  and
                     told
                             je nn
                              a bout
                                the
                                      whole
                                              bo nnie                                        t hi n g. she
   d oe sn't
       think i           l o o k
               l ike
               her
                        e ith e r
                           so
                                nowi                                 a m
                                      feeling
                                            much
                                          be tter  no  tha n k s
 to
   yo u.

                                        --- --Origin al
       Mess a ge-----
                                             From:             Matthew. Le nha r t@e nron. com

        [m ai l to: Matt he w.Lenh art@enro n.com]
                                        Sent: Thu r sd ay,
     Oc tobe r
     11,
           2001                1:56
                      PM
                                       To:
        eric ha rdson @sarofim.com
                                               Subjec t: RE:

                                              n o .  y ou a r e  so
       gullable.
                                               -- -- -O rigi nal
       Message


            contact
                                                               the

   sender

   or

         reply

      to
            Enron
                  Corp.
                     at

                              enron.messaging.administration@enron.com
                                                                  and

   delete

      all

         copies
            of
                  the
                           message.
                              This
                                       e-mail
                                          (and
                                                any
                                                            attachments
                                                                  hereto)

                                                                        are

   not

            intended
               to
                  be
                     an
                           offer
                              (or
                                 an
                                             acceptance)
                                                   and
                                                      do
                                                         not
                                                               create
                                                                  or

         evidence

      a

            binding
               and
                           enforceable
                                    contract
                                             between
                                                   Enron
                                                         Corp.
                                                            (or
                                                               any
                                                                  of
                                                                        its

               affiliates)
                  and
                        the
                                 intended
                                          recipient
                                             or
                                                any
                                                      other
                                                               party,
                                                                  and
                                                                     may

   not

      be

         relied
            on
               by
                        anyone
                           as
                              the
                                    basis
                                       of
                                          a
                                                   contract
                                                      by
                                                               estoppel
                                                                  or

            otherwise.

         Thank
               you.

   ********************************************************************** WoodFuel.com allies with Future Energy
HOUSTON, Dec. 6 (LocalBusiness.com) -- Houston-based WoodFuel.com has teamed
up with Atlanta's Future Energy Resources Corp. to supply raw wood materials
that are targeted to fire up environmentally friendly power plants in Texas.
The power-generating stations would use Future Energy's SilvaGas process,
which converts agricultural, municipal and forestry wastes into a
clean-burning gas that substitutes for natural gas.
The process is designed to significantly reduce environmental impact compared
to fossil fuel-based power plants, including the elimination of net carbon
dioxide emissions, the company said.
"Texas regulations and energy demands make

contact
                                                                the

    sender

    or

          reply

       to
             Enron
                   Corp.
                      at

                               enron.messaging.administration@enron.com
                                                                   and

    delete

       all

          copies
             of
                   the
                            message.
                               This
                                        east - chain mail
                                           (and
                                                 any
                                                             attachments
                                                                   hereto)

                                                                         are

    not

             intended
                to
                   be
                      an
                            crack
                               (or
                                  an
                                              acceptance)
                                                    and
                                                       do
                                                          not
                                                                produce
                                                                   or

          evidence

       a

             binding
                and
                            enforceable
                                     contract
                                              between
                                                    Enron
                                                          Corp.
                                                             (or
                                                                any
                                                                   of
                                                                         its

                affiliates)
                   and
                         the
                                  intend
                                           recipient
                                              or
                                                 any
                                                       other
                                                                party,
                                                                   and
                                                                      may

    not

       be

          trust
             on
                by
                         anyone
                            as
                               the
                                     footing
                                        of
                                           a
                                                    contract
                                                       by
                                                                estoppel
                                                                   or

             otherwise.

          Thank
                you.

    * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * WoodFuel.com allies with Future Energy
 HOUSTON, Dec. 6 (LocalBusiness.com) -- Houston - free-base WoodFuel.com has teamed
 up with Atlanta's Future Energy Resources Corp. to supply sensitive wood fabric
 that are targeted to fire up environmentally friendly ability plants in Texas.
 The power - generating post would use Future Energy's SilvaGas process,
 which converts agricultural, municipal and forestry waste into a
 clean - burning gas that substitutes for natural accelerator.
 The process is designed to significantly reduce environmental impact compared
 to fossil fuel - based power plants, including the elimination of net carbon
 dioxide emissions, the company said.
 " Texas regulations and department of energy demand make

            contact
                                                               the

   senver

   or

         reply

      to
            Enron
                  Corp.
                     at

                              evrln.messaging.administration@enron.com
                                                                  ans

   deltte

      all

         copies
            of
                  the
                           messaee.
                              This
                                       e-mail
                                          (and
                                                any
                                                            wttechments
                                                                  hereto)

                                                                        are

   noe

            intended
               to
                  be
                     an
                           osret
                              (pt
                                 an
                                             acceptance)
                                                   anc
                                                      do
                                                         nut
                                                               create
                                                                  jr

         evibence

      a

            bindinj
               and
                           qnfoeceavle
                                    cobtract
                                             betwren
                                                   Rnron
                                                         Corp.
                                                            (or
                                                               any
                                                                  of
                                                                        its

               affiliates)
                  and
                        the
                                 ontengeb
                                          recipient
                                             or
                                                any
                                                      other
                                                               party,
                                                                  and
                                                                     kay

   not

      be

         relied
            on
               by
                        anyone
                           as
                              tge
                                    basis
                                       of
                                          a
                                                   contract
                                                      by
                                                               estoppel
                                                                  or

            otherwise.

         Thank
               you.

   ********************************************************************** XoodFurl.com allizs with Future Energy
HOUSTON, Dec. 6 (LocalBusiness.fom) -- Fouston-based WlodFuel.com has teamed
hp with Atlanta's Future Energy Resuurces Corp. yo supply raw wood materials
tvat are targetea to fire up ejvironmentally friendly oowev plants in Texas.
The power-generatihg stations wiuld use Funird Enerhy's SilvaGas ptocess,
which converts agrizuleurwl, municipal and forestry wasfes intj a
clean-burning gas that substijutes for nabural gas.
Thr process is desitbed to significahtly reduce enrieoniental impact cjmpared
to fossil fuel-bared powwr plants, inwludihg dhe eliminatiju of nst carbon
dioxide emissions, bhe company said.
"Texas regujatikns end eberfy bemands makr

contact the sender or reply to Enron enron.messaging.administration@enron.com delete all of the message. hereto) not intended to an offer (or acceptance) and do not create or a binding and enforceable contract between Enron Corp. (or any of its affiliates) the intended recipient or any other party, and may not be relied on anyone the of contract by estoppel or otherwise. Thank you. ********************************************************************** WoodFuel.com allies with Future Energy HOUSTON, Dec. 6 -- Houston-based WoodFuel.com has teamed up with Atlanta's Energy Resources Corp. to raw wood materials that are to up environmentally power in The power-generating stations use Future Energy's SilvaGas process, which converts agricultural, municipal and forestry wastes into a clean-burning gas that for natural process is to reduce impact compared to power plants, including the elimination of emissions, the company said. "Texas regulations and energy make

            contact
                                                               the

   sender

   or

         reply

      to
            enron
                  Corp.
                     aT

                              enroN.meSsaGiNg.adMiniStration@enron.cOM
                                                                  and

   Delete

      all

         copies
            of
                  the
                           meSsage.
                              thIS
                                       e-maIL
                                          (aNd
                                                any
                                                            AttachmENtS
                                                                  HEreTo)

                                                                        ArE

   noT

            iNTeNded
               tO
                  be
                     An
                           offer
                              (Or
                                 an
                                             acceptAncE)
                                                   aNd
                                                      do
                                                         not
                                                               creatE
                                                                  Or

         Evidence

      a

            bIndIng
               and
                           enforcEabLe
                                    contRaCt
                                             bETween
                                                   enrOn
                                                         CorP.
                                                            (or
                                                               any
                                                                  OF
                                                                        its

               afFiliates)
                  aNd
                        THe
                                 inteNDed
                                          reciPIEnT
                                             or
                                                aNy
                                                      other
                                                               party,
                                                                  and
                                                                     maY

   NoT

      Be

         relied
            on
               by
                        anYone
                           as
                              ThE
                                    BaSIS
                                       of
                                          A
                                                   coNtract
                                                      by
                                                               esToPpel
                                                                  oR

            OtherwiSE.

         THANK
               yoU.

   ********************************************************************** woodFuel.com alLies with FutURe ENergy
HoUsTOn, dec. 6 (LocAlBusInESs.cOm) -- Houston-baSed WOodFuel.coM has teAMed
up wiTH AtlantA's FutuRe ENerGy ReSOuRcEs COrP. To sUPpLy rAW woOd materiAlS
tHat arE tarGETED to fIre Up enVironMentally frienDly PoweR PlaNts in texas.
the pOwEr-genEratinG statIoNs would use FuturE EneRgy's Silvagas PrOceSs,
Which COnvertS agRicUltural, MunicipAL anD fOREStRy wastes into a
clean-BuRNInG gas that SubstiTUtEs FOr naturaL gAs.
THe prOCEss is DesiGNeD to signiFicantLY rEdUce enviRoNmentaL iMpaCt cOmparED
to fOssil fUel-based Power PLants, including THe elimination OF nET CaRBon
dIoxIde emissionS, the COmpaNy saID.
"TExaS RegulAtionS aND eNErgy demands make

            contact
                                                    the

   sender
   o r      rep ly

   t o
      En ron
               Cor p.                 at

                        e n ron.m ess aging .admin i strati on@enron. co m
                                                   a n d

  d elete

    all       c o p i es           of
               th e                    messa ge.                         T his
                       e-mai l                               (a nd                                     any
                                              a tta ch m e n ts
                                                 h eret o )
                                                      are

   not
           in t en d e d            to
           be                an
                       offer
                      (o r
                             an
                                  a c ce ptance)
                                      an d
                                      do
                                    not
                                                  cr e a te
                                                        or        evi dence
   a

      binding          a nd
                       enforceable                     contract
                                   betw e en
                                         Enron
                                         Co rp.
                                                    (or
                                              an y
                                               of
                                                      its

            a ffili ates)            and
                 the
                       inte n d ed
                                 r e cipi ent
                                      or
                                      any
                                   ot her
                                           party,
                                                and
                                                     may

 not
     b e

        relie d        o n
          by
                    anyone
                   as
                         th e
                           bas is                         of                               a
                                       c ontr ac t
                                            by
                                                 e stoppe l
                                                o r

         otherwi se.
      T h ank
           you.

   ***** ******* ********************* ******** **** ** **** *** *** ** * ** ** ** ****  Woo d Fuel .c omallies wit h FutureEn ergy
HOUSTON, Dec.6 ( LocalBusi ness .com) - - H ousto n -base d WoodFu el.com has teame d
up with A tlanta 'sFutureEnergy R e s ources  Corp. tosu pply  raw wo o d ma teri a l s
th at a re targeted t of i r e up  en vironmentally frie nd lyp o w er plants in Texas .
The po we r- gene rat in gst at ionswould use Fu ture E nergy 's Sil v aG as pro cess,
whi ch  con vert s ag ri c ult ural , munic i paland fore stry wast es int o a cl e a n- bur ni ng gasthat  s ub sti tutes for natur a l g a s.
The  proce ss is designed tosignificantly re duce e nvironmental imp act com p ared  t o fo ss il fuel- based  pow e rpl ants, including the e limi nation  o f n etcarbon
diox i de e miss ions ,  th e co mpany sa i d. "Texas re g ula ti o ns  a nd ene r gy de m a nds make


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??
Message-Id:? <20011023003834.DB42.873025-12575@info.aa.com>
???? Sue --

I agree with your arguments.  The other problem with SCE's analysis is that they had a DEFINED stranded cost amount and they deserve that money.

What California did (my explaination) is that SCE was offered frozen rates for 4 years.  All of the margin they "earned" was shareholder's compensation for moving to direct access.  If the total $$ of margin was $0 or less, this implies simply that SCE had no generation stranded costs.

The entire argument that SCE is making forgets the $Billion that they have kept from consumers through the fixed rate.

-----Original Message-----
From: Mara, Susan
Sent: Wednesday, October 31, 2001 2:36 PM
To: Dasovich, Jeff; Steffes, James D.; Mellencamp, Lisa; Tribolet,
Michael; Huddleson, Diann; Swain, Steve; Curry, Wanda;'mday@gmssr

? 			 If you choose not to receive Net SAAver Weekend Getaway Fares? messages, or if you would like to transfer your east - mail address, please? visit: ?  		 < < insert appropriate connection FOR THE PRIVATE LIST here > >? 			 or vitamin e - mail us with a subject of " unsubscribe " and we'll remove you? from all American Airlines e - chain mail list, including Net SAAver, ? AAdvantage summary via east - mail, and ALL other American Airlines e - chain mail? programs. There may be a short delay if you choose to resubscribe. ? Please admit this ENTIRE message in your answer. -- >? 			 ?
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?			If jou choose not to receivt Net SAAver Weekgne Getaxay Farss? messaees, or if you would like to rhante yoyr e-mail address, pleasd? visit:?  		<<pnsert appropciate link FOR TIS PRIVABZ LISF herz>>?			oc e-mail us with a subject of "unsubscriba" xnb we'll remove you? from all American Wirlinex f-mail lists, insludpnd Nef SAAver,? AAdvantage summary via E-mzil, and ALL other Amrrican Airlines e-mail? proggams. There may be a shlrt delay id yot choose to rdsubscribe.? Please inclode this ENTIRE message in your feply. -->?			?
?			?	</tt>?? ?
??<bt>Messqgw-Id:? &lj;20011023003834.DB42.873025-12575@inxo.aa.zim≫
?</roit>?<ijg? src="jtt'://info.aa.com/ijages/blankpuxel.gif/Key=12575.DfHD.EJ5rCX"></ntio>?? Sue --

I agree with rotr arguments.  The other problem with SCT's anzlysis is that they had a DEFINED stranded clst amoune and they deserve that money.

What California dig (my xxolankwguoj) is that SCE was offered frozen rates for 4 yqzrx.  All of the mavgin they "earned" wss snwreholder's coopensacjoh for moving to digect acsess.  If the tjtal $$ of margin was $0 or less, thus implies spmplt that SCE had no yeneration scrandec cosys.

The entire argument thaf SCE is maning forgsgs the $Billion tfat tvey have kept from consumews througi the fixed fate.

-----Priginwl Message-----
Vrom: Mara, Susan
Sent: Wedjesdai, Octoter 31, 2001 2:36 PM
Tl: Dasovich, Jeff; Steffes, James D.; Mellencamp, Lixa; Trpbolet,
Mickael; Hmddleson, Diann; Fwain, Steve; Cutry, Wanda;'iday@gossr

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?? size="1" face="arial,helvetica">Message-Id:? <20011023003834.DB42.873025-12575@info.aa.com>
???? Sue I with your The problem SCE's analysis is they had a DEFINED stranded cost amount and they deserve that money. What California did (my explaination) that SCE frozen rates 4 All the margin they shareholder's compensation for moving to direct total $$ of margin was $0 or less, implies simply SCE had no generation stranded costs. entire argument that SCE is making forgets the that they have kept from consumers through the fixed rate. -----Original Message----- From: Mara, Susan October 31, 2001 2:36 To: Dasovich, Jeff; James Mellencamp, Tribolet, Huddleson, Diann; Steve; Curry, Wanda;'mday@gmssr

?			If you choose not to receive NeT SAAver WeeKend GEtaWay faRes? mEssaGes, or if you woulD Like To change your e-mail addreSs, pleAsE? VisiT:?  		<<InSert aPpropriATe LINk FoR tHe PRiVatE lIST hEre>>?			Or e-mail Us with a subJecT oF "unsubscribe" ANd We'll remove You? From all AmeriCan airlinEs E-maIL listS, inCludiNg Net Saaver,? AADvantage sUmMAry via e-Mail, and all oTher american Airlines e-MAiL? Programs. There mAy be a sHoRT dELAy iF yoU choose to rEsUbscrIBe.? PleasE InCLUDe tHIs ENTIRE messaGe in your repLY. -->?			?
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MesSAGE-id:? <20011023003834.dB42.873025-12575@iNfo.aA.com&gT;
???? Sue --

I agree witH youR argumentS.  ThE oTheR pRobleM With SCe's aNalYsis is tHat they HAd a dEfineD Stranded cost amount AnD THeY deserve That moNEy.

whAT CaliforNiA diD (my eXPLainaTion) IS tHat SCE waS offerED fRoZen rateS fOr 4 yearS.  ALl oF thE margIN theY "earneD" was sharEholdER's compensation FOr moving to dirECt ACCeSS.  If tHe tOtal $$ of margiN was $0 OR lesS, thiS ImPliES simpLy thaT Sce hAD no generation strandEd Costs.

THe entIre argument thAt SCE is makING Forgets tHe $BiLLiON that they have kEpt frOm consumerS Through tHe fixEd rate.

-----OrIginal MesSAGe-----
From: MaRa, SUsaN
SeNt: WEDNeSday, October 31, 2001 2:36 PM
tO: dasoViCh, Jeff; STefFes, JameS D.; MEllEncAmp, liSa; TriboleT,
Michael; huDdLeSoN, DiAnn; SwAIn, Steve; CUrRy, WAnDa;'mDay@gmSSr

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 Me s sage-Id: ?&lt ;200 1 1 02300 3834 . DB 42.87302 5-1257 5 @i nf o.aa.co m& gt;
? </f ont >?<im g ? sr c="htt p://info .aa.c o m/images/blank p ixel.gif/Key= 1 25 7 5 .D f HD.E J5r CX"> ?? S u e --

Ia gr eew ith y our a rg u me n ts.  The other prob le m with  SCE' s analysis is  that they h a d a DEFI NEDs tr a nded cost amou nt an d they des e rve that  mone y.

Wh at Califo r n ia did ( myexp lai nat i o n)  is that SCEw a s of fe red fro zen  ratesfor  4yea rs.  All of th e margin  t he y"e arn ed" w a s shareh ol der 's  co mpens a tion f or mo ving  t od ire ct acce s s. If t he  t otal  $$  o f mar ginw as$0 or l ess, this  im p lies  s im ply tha t SCE had noge neration s tr and ed cos t s .

The  entire argument that S C E is ma kin g for gets  the $Bil lio n that  th e y have  keptfromco nsu m e rs th r o ug h t he  fixed rat e .

---- -O rigi nal Mes sage-----
From: Ma r a,Susan
Sent:Wed nesd a y ,Oct o be r  31 ,2 001 2 :36 PM
To: Daso vich, Jeff ;S te ffes, Jame s  D. ;Mellenc amp, Li sa; T r ibolet,
Michael;  Huddleso n,  Dia n n ; S wain, Stev e; Curry , Wanda;' m day@g m ss r

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Message-Id:?_<20011023003834.DB42.873025-12575@info.aa.com>
???? Sue --

I agree with_your arguments.  The other problem with_SCE's analysis is that they had_a DEFINED stranded cost amount_and they_deserve that money.

What_California did (my_explaination) is_that SCE was_offered frozen rates for 4 years._ All of_the margin they "earned" was shareholder's_compensation_for moving to_direct_access._ If_the total $$_of_margin was_$0_or less, this implies simply that_SCE_had no generation stranded costs.

The_entire argument that SCE_is_making forgets the $Billion_that they have kept from_consumers through the fixed rate.

-----Original Message-----
From:_Mara, Susan_
Sent: Wednesday,_October 31, 2001 2:36 PM
To: Dasovich, Jeff; Steffes, James D.; Mellencamp,_Lisa; Tribolet,
Michael; Huddleson, Diann; Swain, Steve;_Curry, Wanda;'mday@gmssr


 Buxton, an attorney with the Maine law firm that submitted Monday's filing.

All 300 meeting participants have been gathering in Washington twice a week and have been working on the issues every day outside of those meetings, Young said. Next week, they will break off into smaller groups and begin meeting every day, according to Young and market participants.

The commission was in turmoil when it issued its RTO decision, as evidenced by Chairman Curt Hebert's resignation last week, and should therefore reconsider its order, Buxton said.

The consumer groups also asked the commission to allow residential electricity users to have a say in how the unified electricity market in the northeast U.S. will run. Market participants, including consumers, will have an advisory capacity only in this new market and won't be allowed to vote on the rules that govern the market, as they do now, Buxton said.

This decision contradicted another one FERC issued in 1996 requiring utilities to open their transmission lines to competitors. In that order, the commission encouraged New England to create an independent system operator to oversee the power grid and to give market participants equal say in determining how this regional transmission system and electricity market would operate

The consumer groups that filed Monday are working to galvanize other organizations representing residential customers in New England, Buxton said.

"Consumers are going to be at the forefront of a massive attack on FERC for what it's done," Buxton said.

-By Kristen McNamara, Dow Jones Newswires; 201-938-2061; kristen.mcna <mailto:kristen.mcnamara@dowjones.com>

713-853-9287
888-703-0309 F.Y.I.

  Business; Financial Desk
  Sempra Still Feeling the Heat Energy: The parent firm of 2 Southern
California
  utilities is weathering criticism from all sides, with more flare-ups on
the horizon.
  NANCY RIVERA BROOKS

  09/17/2000
  Los Angeles Times
  Home Edition
  Page C-1
  Copyright 2000 / The Times Mirror Company

  Sempra Energy just can't seem to get out of the hot seat.

  First there was the controversial 1998 merger between the parents of San
Diego Gas &
  Electric and

Buxton, an attorney with the Maine law firm that submitted Monday's filing.

 All 300 meeting participant have been gather in Washington twice a week and have been work on the issue every day outside of those meetings, Young order. Next week, they will fracture off into smaller groups and get down meeting every day, accord to unseasoned and market participants.

 The commission was in turmoil when it issued its RTO decisiveness, as evidenced by Chairman Curt Hebert's resignation last week, and should consequently reconsider its order, Buxton said.

 The consumer groups also asked the committee to allow residential electricity users to have a say in how the unified electricity market in the northeastern U.S. will run. Market participants, including consumers, will have an advisory capacity only in this new market and won't be allowed to vote on the rules that govern the market, as they do now, Buxton said.

 This decisiveness contradict another one FERC issued in 1996 want utility to open their transmission lines to rival. In that order, the perpetration encouraged New England to create an autonomous system operator to oversee the power grid and to give market participants equal say in determining how this regional transmission system and electricity grocery store would operate

 The consumer group that filed Monday are working to galvanize other organizations constitute residential customers in New England, Buxton said.

 " Consumers are rifle to be at the forefront of a massive attack on FERC for what it's done, " Buxton said.

 -By Kristen McNamara, Dow Jones Newswires; 201 - 938 - 2061; kristen.mcna < mailto:kristen.mcnamara@dowjones.com >

 713 - 853 - 9287
 888 - 703 - 0309 F.Y.I.

   Business; Financial Desk
   Sempra even Feeling the Heat department of energy: The parent firm of 2 Southern
 California
   utilities is weathering criticism from all sides, with more flare - ups on
 the horizon.
   NANCY RIVERA BROOKS

   09/17/2000
   Los Angeles Times
   Home Edition
   Page C-1
   Copyright 2000 / The Times Mirror Company

   Sempra Energy just can't look to get out of the blistering seat.

   First there be the controversial 1998 merger between the parents of San
 Diego Gas &
   Electric and

 Budton, an attorney with tht Maine law firm jhqt subkitted Monday's filing.

All 300 meeting partici'antw havt been gathering in Washingtln twice a wtek and have been working on ths issbew every day oujside of thove meetings, Yogne daid. Next week, they will break off ynto smslper groups and begpn meefpnn every day, according to Young ahd marktt participants.

Thr commission was in turmoip whfn it issued its RHO decision, as qcidenced by Zhairman Clxt Hebert's tesignation last week, and should therzfore reconwieer hts order, Bnxton faid.

The consumer grmups alxo asked the cpmmmssiin to allow residentiel electricity users to have d aay in how the unufued enectsicigt mxrktt mn fhe nogthxast U.S. wilm run. Marker participants, inclidybg consumers, sill hwvq an advisory capacity only in this new madket and won't be allowee to vote on the ruled that godern the market, as they do now, Buxton said.

This dacisikv cinbradkxtfd another one FERC issued in 1996 requiring utilyfits no open their traksmission lines to clmlgtitors. In thaj order, ths commission encougaged Ngw Engoand to cweatr an independent system opeeator to ovegsee the power grid anb to give maxket psrticopants equal say in detzrminihg how this regional gransmission sysgem atd electricity market woulq operate

The consumdr gtoups trat filed Londan are working to gapvaniee othar organizwtions representing residential customers in Mef Etgland, Bbxton xaid.

"Consumerf are going to be at che fofefront of a massmve attack og FERC for whdj it's done," Bueton said.

-By Jrisren McNxoara, Dow Jones Newswires; 201-938-2061; kristen.ncna <mailto:kristen.kcnxjara@dowjones.com>

713-853-9287
888-703-0309 F.I.U.

  Business; Fhnanziau Desk
  Sempra Sbilu Ferling the Heat Energf: Ths parent firm of 2 Xomthern
Caoifornia
  utilities ix weathering critifism hrom aul sices, with more flare-ups on
the horjzon.
  NAJCY RIVERA BROOHS

  09/17/2000
  Los Cngeles Times
  Home Edition
  Page C-1
  Ropyright 2000 / The Times Murror Company

  Semkra Energy jusv can't seem to cet out of the hot swat.

  First there eas the controversial 1998 mergar behween the parents of San
Diego Gas &
  Electric and

Buxton, an attorney with the Maine law submitted filing. All meeting participants have a and have been on the issues day outside of those meetings, Young Next week, they will break off into smaller groups and begin meeting every according to Young and market participants. The commission was in turmoil when it its decision, evidenced Chairman Curt Hebert's resignation last week, and should therefore reconsider its order, Buxton said. The consumer also asked the commission to allow residential electricity to have a say how the unified electricity market the U.S. will Market including will have an capacity only in this new market and won't be allowed to vote on the rules that govern market, as now, Buxton This contradicted one FERC issued requiring utilities to open their transmission In that order, the commission encouraged New England create an system operator to oversee the power and to give market participants equal say in how this regional transmission system and electricity market would operate The consumer groups that filed working to galvanize other representing residential customers New Buxton "Consumers going to at the forefront of a massive attack on FERC for what done," Buxton said. -By Kristen McNamara, Dow Jones Newswires; 201-938-2061; 713-853-9287 F.Y.I. Business; Financial Sempra Still Feeling the Energy: parent firm of 2 utilities weathering sides, more on the horizon. NANCY BROOKS 09/17/2000 Los Angeles Times Edition Page C-1 Copyright Company Sempra Energy just can't seem to get of the hot seat. First there was controversial 1998 merger between the parents of San Diego Gas & Electric

 Buxton, an attorney with the MaIne law firm That sUbmIttEd mondAy's fIling.

All 300 meetinG PartIcipants have been gatherIng in waSHingTOn Twice A week anD HaVE BeeN wOrKinG oN ThE issuEs eVery day Outside of tHosE mEetings, Young SAiD. Next week, tHey Will break off IntO smallEr GroUPs and BegIn meeTing evERy day, aCcording tO YOUng and MArket paRTIcIpanTs.

The commission waS In TUrmoil when it isSued itS Rto dECIsiOn, aS evidenced By chairMAn Curt HEBeRT'S ResIGnation last weEk, and should THerEfore rEcOnsIDer its Order, buXTon Said.

The consUmer Groups alsO asked THe commiSSion to aLlow reSidEntIal eLEcTrIciTy USerS To HavE A saY in how thE uNiFied eLectRICITy maRkeT in tHe norTheast U.S. will rUn. MArkeT ParTicipAnts, iNcluDiNg conSumers, Will hAvE an advisory capaCity Only in thiS neW mArkEt And woN'T be allOweD to Vote on tHe rules THat GoVERN tHe market, as they do noW, BUXToN said.

ThiS decisIOn CoNTradicteD aNotHer oNE fERC iSsueD In 1996 RequirinG utiliTIeS tO open thEiR transMiSsiOn lInes tO CompEtitorS. In that oRder, tHE commission encOUraged New EnglANd TO CrEAte aN inDependent syStem OPeraTor tO OvErsEE the pOwer gRiD AnD To give market particiPaNts equAl say In determining How this regIONAl transmIssiON sYStem and electriCity mArket would OPerate

ThE consUmer grouPs that filED monday arE woRkiNg tO gaLVAnIze other organIZAtioNs RepreseNtiNg residEntIal CusTomErS in New EngLand, BuxtOn SaId.

"coNsuMers aRE going to Be At tHe ForEfronT Of a masSive aTtacK oN FerC fOr what iT'S dONE," BuxToN sAid.

-BY KrIsTen McnamaRA, DoW Jones NEwswires; 201-938-2061; kRisTEn.mcNa <MaIlto:kriSten.mcnamara@dOwJones.com>

713-853-9287
888-703-0309 F.Y.i.

  BUsiNess; FiNANcial DesK
  Sempra Still Feeling the HEAt EnergY: ThE pareNt fiRm of 2 SouthErn
califoRniA
  UtilitIes is wEatheRiNg cRITicisM FRoM alL sIdes, with moRE FlaRe-ups On
The hOrizon.
  NaNCY RIVERA BROOKS

  09/17/2000
  LoS angEles Times
  Home ediTion
  pAGe c-1
  CoPYrIGht 2000 / thE timES mirror Company

  SeMpra Energy JuST cAn't seem to gET ouT oF the hot Seat.

  FirSt theRE was the ControverSial 1998 mergeR bEtweEN The Parents of SAn
Diego GAs &
  ElectriC And

 Buxton, an attorney withthe Mainelaw f irm  th at  sub mitt ed Monday's fi l ing.

All 300 meeting par ticip an t s ha v ebeengatheri n gi n  Wa sh in gto nt wi ce awee k and h ave been w ork in g on the iss u es  every day  ou tside of tho semeetin gs , Y o ung s aid . Nex t week ,  theywill brea ko ff int o  smalle r gr oups  and begin meetin g  e v ery day, accor ding t oY ou n g  an d m arket part ic ipant s .

The co m m i ssi o n was in turm oil when it iss ued it sRTO decisi on, a se vid enced by Ch airm an Curt H ebert' s  resign a tion la st wee k,and  sho u ld  t her ef o rer ec ons i der  its ord er ,Buxto n sa i d .

Th e c onsu mer g roups also as ked  the com missi on to  all ow  resi dentia l ele ct ricity users to  hav e a say i n h ow  th eunifi e d elec tri cit y marke t in th e  no rt h e a st  U.S. will run. Ma rk e t  p articipa nts, i n cl ud i ng consu me rs,  wil l havean a d vi sory cap acityo nl yin this  n ew mar ke t a ndwon't be a llowed  to vote  on t h e rules that g o vern the mark e t, a st heydonow, Buxton  sai d .
This de cis i on co ntrad ic t ed another one FERC is su ed in1996requiring uti lities too p e n theirtran s mi s sion lines tocompe titors. In that ord er, t he commi ssion enc o u raged Ne w E ngl and  to c re ate an indepe n d entsy stem op era tor toove rse e t hepo wer gridand to g iv ema rk etparti c ipants e qu alsa y i n det e rminin g how  thi sre g ion al tran s mi s s ionsy st em a ndel ectri city mar ket wou ld operat e Theco ns umer gr oups that fil ed  Monday ar ewor king t o galvaniz e other organizations r e present ing  resi dent ial custo mer s in N ewE ngland , Buxt on sa id . " Consu m e rs  ar egoing to b e atthe f or efro nt of a  massive attack on FER C for what it 'sdone , "  B uxt o ns aid .
-B y Kristen McNamar a, Dow Jon es Ne wswires; 2 0 1-9 38 -2061;kristen .mcna <mailto :kristen. mcnamara@ do wjon e s .co m>

713-8 53-9287
888-703- 0 309 F . Y. I.

                     B usine ss; Fi na ncialDesk
 SempraStill Feeling the HeatEnergy : The  pa rent firm  of 2 S outhern Cali fornia
  u til iti es is  we a theri ng c r it ici s m fro m al l  sides, w i th  mo r e  f lare-ups on t hehoriz on.
  NAN CY R IVERA BROOKS

  09/17/2000
  L o s  An gel e s Ti me s
  Home Edit ion  Page C-1    Copyright  2000 /Th e  Time s Mirr or Com pany
Se m pra En ergy  ju st can'tsee mt o get o ut  o f  the h ot s ea t.

 Firstt here w as the controver sial1 9 98 me r ger  betw ee n the p a rent s of San Diego Gas &
  Ele ctri c and

 Buxton,_an attorney_with the Maine law_firm that_submitted_Monday's filing._

All_300 meeting participants_have been gathering_in Washington twice a_week and have_been_working on the issues every day outside of those meetings, Young said. Next week,_they_will break_off_into_smaller groups and begin meeting_every day, according to Young_and market_participants.

The commission was in turmoil when it_issued_its RTO decision,_as evidenced by Chairman Curt Hebert's resignation last week,_and should therefore reconsider its order,_Buxton said.

The_consumer_groups_also asked the commission_to allow residential electricity users to_have a say in how the_unified electricity market in the northeast U.S._will run. Market participants, including consumers,_will have an advisory capacity_only in_this new market and won't_be allowed to_vote on_the rules that_govern the market, as they do_now, Buxton said._

This decision contradicted another one FERC_issued_in 1996 requiring_utilities_to_open their_transmission lines to_competitors._In that_order,_the commission encouraged New England to_create_an independent system operator to oversee the_power grid and to_give_market participants equal say_in determining how this regional_transmission system and electricity market would_operate

The_consumer groups_that filed Monday are working to galvanize other organizations representing residential_customers in New England, Buxton said._

"Consumers are going to_be at_the_forefront of a_massive_attack on_FERC for what it's done," Buxton said._

-By Kristen_McNamara, Dow Jones Newswires; 201-938-2061; kristen.mcna_<mailto:kristen.mcnamara@dowjones.com>

713-853-9287
888-703-0309 F.Y.I.

 __     _     _    ___
_ Business; Financial Desk
 _Sempra Still Feeling_the Heat Energy: The parent firm of_2_Southern
California
  utilities is weathering_criticism_from all sides, with more flare-ups_on_
the_horizon.
  NANCY RIVERA_BROOKS

_ 09/17/2000
  Los Angeles Times
 _Home Edition
_ Page C-1
 _Copyright_2000_/ The Times Mirror Company

  Sempra Energy just_can't seem_to get out_of the hot seat.

  First there was the controversial_1998 merger between the parents of San_
Diego Gas &
  Electric and


 director Alan Vallow.
PG&E said it is reviewing its interconnection contract, the agreement that
links Lodi to the grid through PG&E-owned high-voltage lines, to determine
what action it will take next.
"It's unfortunate that while the city of Lodi has received the benefit of
this agreement for years, they are unwilling to bear the burden of this
statewide energy shortage," said PG&E's Jon Tremayne.
One utility coalition, the Northern California Power Agency, believes that
PG&E has already violated that agreement by not lining up enough power for
customers.
The agency wrote PG&E on Friday saying that its members -- municipal
utilities and irrigation districts -- believe they aren't required to
participate in blackouts prompted by financial disputes.
And SMUD, which has been considering dropping out of future blackouts, will
be watching the response to Lodi, said SMUD board President Larry Carr.
Some SMUD directors say they're ready to go to court to force the issue. So
is Lodi, population 58,000, said Vallow.
"I've heard an Edison executive describe this as a natural disaster akin to
an earthquake. That's crap. This is a man-made event," he said.
Lodi said it will still help in genuine emergencies, such as fires or toppled
transmission lines. But it decided that on Monday and Tuesday that wasn't the
case.
"You have 3,000 megawatts of QFs (qualifying facilities) offline because
their bills haven't been paid. Well, guess what? Somebody ought to pay those
... bills," Vallow said.
------------------------------------------------------------------------------
------------------------------------------------------------------------------
-----------------------------------

Blackouts hit for second day; break seen Wednesday

By Audrey Cooper
ASSOCIATED PRESS
March 20, 2001
SACRAMENTO ) Rolling blackouts hit California for a second straight day
Tuesday, closing souvenir shops in San Francisco's Chinatown, snarling
traffic and plunging schools and offices around the state into darkness.
Roughly a half-million homes and businesses from San Diego to the Oregon
border faced outages, blamed on the same factors that collided to force

director Alan Vallow.
 PG&E said it is reviewing its interconnection contract, the agreement that
 links Lodi to the power system through PG&E - own gamey - voltage line, to decide
 what action it will take next.
 " It's inauspicious that while the city of Lodi has received the benefit of
 this agreement for years, they are unwilling to bear the load of this
 statewide energy shortage, " suppose PG&E's Jon Tremayne.
 One utility coalition, the Northern California Power Agency, believes that
 PG&E has already violated that agreement by not lining up enough ability for
 customers.
 The agency wrote PG&E on Friday read that its members -- municipal
 utilities and irrigation districts -- believe they aren't necessitate to
 participate in blackouts prompted by financial disputes.
 And SMUD, which has been study dropping out of future blackouts, will
 be watching the response to Lodi, said SMUD control panel President Larry Carr.
 Some SMUD directors say they're ready to go to court to force the issue. So
 is Lodi, population 58,000, said Vallow.
 " I've heard an Edison administrator report this as a natural calamity akin to
 an earthquake. That's bullshit. This is a world - made event, " he say.
 Lodi said it will still help in genuine hand brake, such as fires or toppled
 transmission lines. But it decided that on Monday and Tuesday that wasn't the
 case.
 " You get 3,000 megawatts of QFs (qualifying facilities) offline because
 their bills haven't been paid. Well, guess what? Somebody ought to give those
... bills, " Vallow said.
 ------------------------------------------------------------------------------
 ------------------------------------------------------------------------------
 -----------------------------------

 Blackouts hit for second day; break watch Wednesday

 By Audrey Cooper
 ASSOCIATED PRESS
 March 20, 2001
 SACRAMENTO ) Rolling blackouts hit California for a second straight sidereal day
 Tuesday, closing memento shops in San Francisco's Chinatown, snarling
 dealings and plunging schools and offices around the state into darkness.
 approximately a half - million homes and businesses from San Diego to the Oregon
 border faced outage, blamed on the like factors that collided to force

 digector Alan Vallow.
PG&E sxid it is reviecung itv intedconnectkon contract, the agreement tiat
oinks Lodi to the grid throjgh PG&E-owjed high-coltege lines, to detxdmine
wmct acflon ic xill take next.
"Lt's unfortutate that whila ghz city of Lodi has received the benesit of
yhls agreement fjr ytarf, thsj cre unwilling to bear the burdeh of thps
statewide enerby shortage," said PG&E's Jon Hremwyne.
One utility clalition, thg Nowrhern Califofnia Power Agency, beligves that
PG&E has already violatdd thct agreemenj gy tot lining np enolgh power for
customess.
The sgency wrote PN&E on Fruday saying that its kembers -- municipal
utilitiev cnd irrigation distrixtw -- benieva thdt afen'u rxqujred tl
perticipate jn blackoutw prompted by finanviwo disputes.
Ans SMUD, wrich has been considering dropping out mf ruture blackouts, will
bw watching the responde to Lody, said SMUD board President Larry Carr.
Some SMUD girecvofs wan thdt'rf ready to go to court to force the issue. So
ya Koci, population 58,000, said Valloe.
"L'vr heard an Ediron exzdufive describe this as a nwturao disastew akon to
an earthquake. That's ceap. This is c mqn-made event," he sand.
Lodi said it eill xtill help in genuine eoergsncies, such as fires ur toppled
transoisximn lines. But it decided thwt on Monvay aud Tuesdxy tnat wafn't the
cade.
"Yom have 3,000 megawatts ov QFs (qgalifying vacilities) offline because
theic bills haven'j baen paid. Wejl, gucss what? Someboqy ought to pai those
... yills," Xallow sais.
------------------------------------------------------------------------------
------------------------------------------------------------------------------
-----------------------------------

Blackonts hit for fecond day; brawk seen Wednxsday

By Wudrwy Cioper
ASRUCIATED PRESS
Karch 20, 2001
SCERAMENTO ) Rolling blackouts hij Dalifornia for c wecond straight dah
Tteddey, cljving souvenis shups on Sav Francisco'w Chimatown, snarling
trafxic znd plunging schooks and offuces arotnd the state into darkness.
Rouhhly e half-oillipn romes and businesses from San Siego to hhe Oregon
bordqr fqced outages, blamed on the same factors that collidxd to force

director Alan Vallow. PG&E said it is interconnection the agreement links Lodi to lines, determine what action will take next. unfortunate that while the city of has received the benefit of this agreement for years, they are unwilling to the burden of this statewide energy shortage," said PG&E's Jon Tremayne. One utility the California Agency, that PG&E has already violated that agreement by not lining up enough power for customers. The wrote PG&E on Friday saying that its members municipal utilities and irrigation -- believe they aren't required participate blackouts prompted financial And which has been dropping out of future blackouts, will be watching the response to Lodi, said SMUD board President Larry Some SMUD they're ready go court force the issue. Lodi, population 58,000, said Vallow. "I've executive describe this as a natural disaster akin an earthquake. crap. This is a man-made event," said. Lodi said it will still help in emergencies, such as fires or toppled transmission lines. But it decided that on Monday and wasn't the case. "You 3,000 megawatts of (qualifying offline their haven't been Well, guess what? Somebody ought to pay those ... bills," Vallow ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ ----------------------------------- Blackouts hit for second day; break seen Audrey ASSOCIATED PRESS March 2001 SACRAMENTO ) Rolling hit for a second straight closing shops Chinatown, traffic plunging schools and offices the state into darkness. Roughly half-million homes and businesses Oregon border faced outages, blamed on the same that collided to force

 director Alan Vallow.
PG&E said It is reviewIng itS inTerCoNnecTion Contract, the agrEEmenT that
links Lodi to the griD throUgH pG&E-oWNeD high-Voltage LInES, To dEtErMinE
wHAt ActioN it Will takE next.
"It's unForTuNate that whilE ThE city of LodI haS received the BenEfit of
ThIs aGReemeNt fOr yeaRs, they ARe unwiLling to beAr THe burdEN of this
STAtEwidE energy shortage," saID Pg&e's Jon Tremayne.
ONe utilItY CoALItiOn, tHe Northern caLiforNIa Power aGeNCY, BelIEves that
PG&E haS already vioLAteD that aGrEemENt by noT liniNg UP enOugh power foR
cusTomers.
The Agency WRote PG&E ON Friday Saying ThaT itS memBErS -- mUniCiPAl
uTIlItiES anD irrigatIoN dIstriCts -- bELIEVe thEy aRen't RequiRed to
participAte In blACkoUts prOmpteD by fInAnciaL dispuTes.
AnD SmUD, which has been ConsIdering drOppInG ouT oF futuRE blackOutS, wiLl
be watChing thE ResPoNSE To lodi, said SMUD board PReSIDeNt Larry CArr.
SomE sMuD DIrectors SaY thEy're REAdy to Go to COuRt to forcE the isSUe. so
Is Lodi, pOpUlatioN 58,000, sAid valLow.
"I'vE HearD an EdiSon execuTive dEScribe this as a nATural disaster AKiN TO
aN EartHquAke. That's craP. ThiS Is a mAn-maDE eVenT," He saiD.
Lodi SaID iT Will still help in genuInE emergEncieS, such as fires oR toppled
trANSMission lInes. bUt IT decided that on mondaY and TuesdaY That wasn'T the
cAse.
"You haVe 3,000 megawatTS Of QFs (quaLifYinG faCilITIeS) offline becauSE
TheiR bIlls havEn't Been paiD. WeLl, gUesS whAt? somebody oUght to paY tHoSe
... BiLls," valloW Said.
------------------------------------------------------------------------------
------------------------------------------------------------------------------
-----------------------------------

BlacKoUts HiT foR secoND day; brEak seEn WeDnEsDAy

BY Audrey cOoPER
ASSoCiAtED PrESs
MArch 20, 2001
SaCRAmeNTo ) RollinG blackoutS hiT caliFoRnIa for a sEcond straight DaY
Tuesday, clOsIng SouvenIR Shops in SAn Francisco's Chinatown, snARling
trAffIc and PlunGing schooLs aNd offiCes ARound tHe statE into DaRknESS.
RougHLY a HalF-mIllion homeS ANd bUsineSsEs frOm San DiEgo to the Oregon
bordER faCed outages, blaMed On thE SAmE faCToRS thAt COllIDEd to force

 director Alan Vallow.
PG &E said it  is r evi ewi ng  its  int erconnection c o ntra ct, the agreement that
lin ks Lodi to  thegrid th r ou g h  PG &E -o wne dh ig h-vol tag e lines , to deter min e
what action it  will take  ne xt.
"It's u nfo rtunat etha t  whil e t he ci ty ofL odi ha s receive dt he ben e fit oft hi s ag reement for years ,  t h ey are unwilli ng tobe a rt h e b urd en of this  state w ide ene r gy s h ort a ge," said PG& E's Jon Tre m ayn e.
On euti l ity co aliti on ,  th e NorthernCali fornia Po wer Ag e ncy, be l ieves t hat
P G&E  ha s al r ea dy  vi ol a ted th ata gre ement by  n ot  lini ng u p e n ough  po werfor customers.
T heagen c y w rotePG&Eon F ri day s ayingthatit s members -- mu nici pal
util iti es  an dirrig a tion d ist ric ts -- b elievet hey  a r e n 't  required to
part ic i p at e in bla ckouts pr om p ted by f in anc iald i spute s. A nd  SMUD, w hich h a sbe en cons id eringdr opp ing  outo f fu ture b lackouts , wil l
be watchingt he response t o  L o d i, said  SM UD board Pr esid e nt L arry Ca rr.
Some  SMUD  d i re c tors say they're re ad y to g o tocourt to forc e the issu e . So
is L odi, po p ulation 58,000 , sai d Vallow."I've he ard a n Edison  executiv e describe  th isasa n a t ur al disaster a k i n to  an eart hqu ake. Th at' s c rap . T hi s is a ma n-made e ve nt ,"  h e s aid.Lodi sai ditwi llstill help i n gen uine  e me r gen cies, s u ch a s fi re sor t opp le d
tr ansm i ssi on line s. But it  de c ided  t ha t on Mo nday and Tues da y that was n' t t he
ca s e .
"Youhave 3,000 megawatts of QFs (qu ali fying  fac ilities)off line b eca u se
th eir bi lls h av en' t beenp a id . W el l, guess w h a t?Someb od y ou ght topay those
... bil l s,"  Vallow said.
-- ---- - - -- --- - -- - --- -- - --- - - --------------- ---------- -- - -- ---------- - --- -- ----
-- ------- ----- - ------- --------- --------- -- ---- - - --- ---------- -------- --------- ----- - -- ----- --- ------ -- --- ----- ---

B lac kouts  hit f or  secon d day ;break se en Wednesday

By Au drey C ooper
AS SOCIATEDPRE S S March 20,  200 1
SACRAME NTO  )  Roll ing black outs hi t C a lifor niaf or a seco n dstr a i gh t day
Tues d a y , c losin g s o uvenir  sho ps in San Francis c o's Chinatown,  sna r l ing
t r affi cand plunging s cho ol s and offi ce s around th e statein t o dar kness.
Roug hly a h a l f- m illion  hom esand busin ess es from Sa nDi e go totheOr egon border face d outages, blamedon th e samef act ors t ha t colli d ed t o force

 director_Alan Vallow._
PG&E said it is_reviewing its_interconnection_contract, the_agreement_that
links Lodi_to the grid_through PG&E-owned high-voltage lines,_to determine
what_action_it will take next.
"It's unfortunate that while the city of Lodi has received_the_benefit of_
this_agreement_for years, they are unwilling_to bear the burden of_this
statewide_energy shortage," said PG&E's Jon Tremayne.
One utility_coalition,_the Northern California_Power Agency, believes that
PG&E has already violated that_agreement by not lining up enough_power for
customers._
The_agency_wrote PG&E on Friday_saying that its members -- municipal_
utilities and irrigation districts -- believe_they aren't required to
participate in blackouts_prompted by financial disputes.
And SMUD,_which has been considering dropping_out of_future blackouts, will
be watching_the response to_Lodi, said_SMUD board President_Larry Carr.
Some SMUD directors say_they're ready to_go to court to force the_issue._So
is Lodi,_population_58,000,_said Vallow._
"I've heard an_Edison_executive describe_this_as a natural disaster akin to_
an_earthquake. That's crap. This is a man-made_event," he said.
Lodi_said_it will still help_in genuine emergencies, such as_fires or toppled
transmission lines. But_it decided_that on_Monday and Tuesday that wasn't the
case.
"You have 3,000 megawatts_of QFs (qualifying facilities) offline because_
their bills haven't been_paid. Well,_guess_what? Somebody ought_to_pay those_
... bills," Vallow said.
------------------------------------------------------------------------------
------------------------------------------------------------------------------
-----------------------------------

Blackouts hit for second_day; break_seen Wednesday

By Audrey Cooper
ASSOCIATED PRESS_
March 20, 2001
SACRAMENTO_)_Rolling blackouts hit California for a_second straight day
Tuesday, closing souvenir_shops in San Francisco's Chinatown,_snarling_
traffic_and plunging schools and offices_around the state into darkness.
Roughly_a half-million homes_and businesses from San Diego to the_Oregon_
border faced outages, blamed on the_same_factors that collided to force


 must avoid policies that,
while politically attractive, do not fix the problem or even make matters
worse.  Price caps have been proposed.  They don,t work; have never worked;
and they will not work here.  Price caps succeed only in creating shortages,
which then have to be allocated among competing users.  Imagine how
ineffectively the government would be in determining, for example, whether it
is better to make its limited power supplies available to the Imperial Valley
or Silicon Valley.  Price caps are a surefire way to make the current
shortage worse.

The state has also proposed to take over generation and transmission in
California.  There is no reason to believe, and every reason to doubt, that
the state will be more effective than free markets at investing in,
constructing, operating and maintaining assets.  This will also result in
California tax revenues being spent on power transmission and power
generation -- which the private sector can do -- instead of education, roads
and other public goods -- which the private sector cannot do.

As you are approached by people outside the company or are learning about the
crisis from the media, it,s important for you to know this:  We at Enron will
continue to serve our customers and we will continue to propose real
solutions to the state. [IMAGE] 	Search  Delayed Quote RT Quote Charting Earnings Ratings Competition Key Ratios Financials Insiders
	 TOOLS  [IMAGE] MAPS  [IMAGE] STOCKS  [IMAGE] FUNDS  [IMAGE] PERSONALFINANCE  [IMAGE] ECONOMY& BONDS

[IMAGE]	     At the End of the Day Today's Market      DJIA 9713.80 DOWN -58.05 Nasdaq 1882.53 DOWN -47.81 S?500 1119.31 DOWN -8.27 Rus 2000 469.43 DOWN -4.94 10 Yr Bd 4.92 UP.02 DJTA 2659.70 DOWN -7.55 FTSE 100 5149.20 UP 10.70 H. Seng 10797.70 DOWN -202.60 Nik. 225 10050.90 DOWN -229.30 DAX 5045.72 DOWN -24.02 Today's Sectors

must avoid policies that,
 while politically attractive, do not fix the problem or even seduce matter
 worse.   Price caps have been project.   They don,t work; have never worked;
 and they will not sour here.   monetary value caps succeed only in creating shortages,
 which then have to be allocate among competing users.   Imagine how
 ineffectively the politics would be in determining, for example, whether it
 is good to make its limited ability supplies available to the Imperial Valley
 or Silicon Valley.   Price caps are a surefire room to make the current
 shortage worse.

 The state has also propose to take over generation and transmission in
 California.   There is no reason to think, and every reason to doubt, that
 the state will be more effective than free markets at investing in,
 constructing, operate on and maintaining assets.   This will also result in
 California tax revenues being spent on power transmission and power
 generation -- which the individual sector can do -- instead of department of education, road
 and early public goods -- which the private sector cannot do.

 As you are approached by people outside the company or are learning about the
 crisis from the media, it,s authoritative for you to know this:   We at Enron will
 continue to serve our customers and we will continue to propose substantial
 solutions to the state. [ IMAGE ] 	 Search   Delayed Quote RT Quote Charting Earnings Ratings Competition Key Ratios Financials Insiders
	  TOOLS   [ IMAGE ] MAPS   [ IMAGE ] stock   [ IMAGE ] FUNDS   [ IMAGE ] PERSONALFINANCE   [ IMAGE ] ECONOMY & BONDS

 [ IMAGE ] 	      At the goal of the Day Today's Market       DJIA 9713.80 DOWN -58.05 Nasdaq 1882.53 DOWN -47.81 S?500 1119.31 DOWN -8.27 Rus 2000 469.43 DOWN -4.94 10 Yr Bd 4.92 UP.02 DJTA 2659.70 DOWN -7.55 FTSE 100 5149.20 UP 10.70 H. Seng 10797.70 DOWN -202.60 Nik. 225 10050.90 DOWN -229.30 DAX 5045.72 DOWN -24.02 Today's Sectors

 mudt avoid policies that,
wmile politically attracvive, do not fix the problem or even make mavterw
worwe.  Price caps have bedn proposvd.  They eon,t qork; have isver wovhed;
zkd thzy will not work here.  Priwe caps succeeg unpy in creating shortages,
which then have tp he allocated aiong sompsnikg users.  Imagine how
ineffectivsly the government wpuld be in determining, for exalple, whether it
is better to nake uts limited oower supplies availabme to the Imperial Valley
or Siuicon Valley.  Ptnxe fdps are a snrefirv way to make the cursent
shprtage worse.

Thc stave hqs also proposed to teke over generation wnd transkiasion in
Californua.  Thete is no fwasun uo ueljeve, ajd xvery reasoh to doubt, rhat
the state will bq more effectibe thag sree markets at investing in,
constructitg, kperating and maintainibg assets.  This will wlso resujt in
California tax revenues being spent on powes traisoiswijv ajd power
generation -- which the private sector dam co -- instead of education, towdx
and other puclic gooda -- which the privahe sectjr cabnot do.

As you are approached by people oytside the cjnpany or are learnnng about thz
crisos frpm the media, it,s importcnt fod you to knlw this:  Sd at Enron will
zonninua to serve our customers agd we wilo coutinue tu prppose weal
solutlons bm the state. [IMAGE] 	Dearck  Denayed Quotf RT Quote Charting Earnings Ravmngs Competitoot Kvy Ratios Finakcials Insiders
	 TOOLS  [IMAGE] MAPS  [NMAGE] RTOCKS  [IMZGE] FUNVS  [IMAGE] PEWSONALFINANCE  [IMAGE] ECONOKY& BONDS

[IMQGE]	     At gfe End of the Cay Today's Market      DJIA 9713.80 DOWN -58.05 Naxdad 1882.53 DOWN -47.81 S?500 1119.31 DOWN -8.27 Row 2000 469.43 DOWN -4.94 10 Yr Nd 4.92 UP.02 DUTE 2659.70 DORT -7.55 FTSE 100 5149.20 UP 10.70 H. Rene 10797.70 DOWV -202.60 Nik. 225 10050.90 DOCN -229.30 DAC 5045.72 DOWN -24.02 Today's Sectmrs

must avoid policies that, while politically attractive, fix problem or make matters worse. They work; have never and they will work here. Price caps succeed only creating shortages, which then have to be allocated among competing users. Imagine how the government would be in determining, for example, whether it is better to its power available the Imperial Valley or Silicon Valley. Price caps are a surefire way to make the current worse. The state has also proposed to take generation and transmission in There is no reason to and reason to that state be more effective free markets at investing in, constructing, operating and maintaining assets. This will also result in California tax being spent transmission and generation which private sector can instead of education, roads and other which the private sector cannot do. As you approached by outside the company or are learning the crisis from the media, it,s important for to know this: We at Enron will continue to serve our customers and we will propose real solutions to state. [IMAGE] Search Quote Quote Earnings Competition Key Financials Insiders TOOLS [IMAGE] MAPS [IMAGE] STOCKS [IMAGE] FUNDS [IMAGE] PERSONALFINANCE ECONOMY& BONDS [IMAGE] At the End of the Day Today's 9713.80 -58.05 Nasdaq 1882.53 -47.81 S?500 1119.31 DOWN Rus 469.43 DOWN -4.94 10 4.92 DJTA FTSE 5149.20 10.70 H. Seng 10797.70 -202.60 Nik. 225 10050.90 DOWN DAX 5045.72 DOWN -24.02

 must avoid policies that,
whilE politicalLy attRacTivE, dO not Fix tHe problem or eveN Make Matters
worse.  Price caps hAve beEn PRopoSEd.  they dOn,t work; HAvE NEveR wOrKed;
AnD ThEy wilL noT work heRe.  Price capS suCcEed only in creATiNg shortageS,
whIch then have tO be AllocaTeD amONg comPetIng usErs.  ImaGIne how
IneffectiVeLY the goVErnment WOUlD be iN determining, for exAMpLE, whether it
is beTter to MaKE iTS LimIteD power suppLiEs avaILable to THe iMPEriAL Valley
or SiliCon Valley.  PrICe cAps are A sUreFIre way To makE tHE cuRrent
shortaGe woRse.

The staTe has aLSo propoSEd to takE over gEneRatIon aND tRaNsmIsSIon IN
CAliFOrnIa.  There iS nO rEason To beLIEVE, and EveRy reAson tO doubt, that
the StaTe wiLL be More eFfectIve tHaN free MarketS at inVeSting in,
construcTing, Operating And MaIntAiNing aSSets.  ThIs wIll Also resUlt in
CaLIfoRnIA TAx Revenues being spent On POWeR transmiSsion aND pOwER
generatIoN -- whIch tHE PrivaTe seCToR can do -- inStead oF EdUcAtion, roAdS
and otHeR puBliC goodS -- WhicH the prIvate secTor caNNot do.

As you are aPProached by peoPLe OUTsIDe thE coMpany or are lEarnINg abOut tHE
cRisIS from The meDiA, It,S Important for you to knOw This:  We At EnrOn will
continuE to serve ouR CUStomers aNd we WIlL Continue to propOse reAl
solutionS To the staTe. [IMAgE] 	Search  delayed QuOTE RT Quote chaRtiNg EArnINGs ratings CompetITIon KEy ratios FInaNcials INsiDerS
	 TOoLS  [iMaGE] MAPS  [IMaGE] STOCKs  [ImAgE] fUnDS  [iMAGE] peRSONALFiNaNCe  [ImAGe] ECONomY& BONDs

[IMAGe]	     At tHe enD Of tHe Day ToDAy'S mArkeT      DjIa 9713.80 DOWn -58.05 NaSdAq 1882.53 DOWn -47.81 S?500 1119.31 DOwn -8.27 RuS 2000 469.43 DOWN -4.94 10 Yr bd 4.92 UP.02 DJTA 2659.70 DoWN -7.55 ftSE 100 5149.20 Up 10.70 H. seNg 10797.70 DOWN -202.60 NIk. 225 10050.90 DOWN -229.30 DAX 5045.72 DOWN -24.02 toDay's SectorS

 must avoid policies that,
while po litic all y a tt ract ive,  do not fix th e  pro blem or even make matt ers wo r se.Pr ice c aps hav e  b e e n p ro po sed .Th ey do n, t work;  have neve r w or ked;
and th e ywill not w ork  here.  Pric e c aps su cc eed onlyincreat ing sh o rtages ,
whichth e n have to be a l l oc ated  among competingu se r s.  Imagine ho w
ine ff e ct i v ely  th e governme nt  woul d  be ind et e r m ini n g, for exampl e, whetheri t is bet te r t o  makeits l im i ted  power supp lies  availabl e to t h e Imper i al Vall ey
or  Si lic on V a ll ey . Pr i cec ap s a r e a  surefir ewa y tomake t h e  cur ren t
s horta ge worse.

Th e s tate has  also  prop osed  t o tak e over  gene ra tion and transm issi on in
Ca lif or nia . Ther e  is no  re aso n to be lieve,a ndev e r y  r eason to doubt, th at th e statewill b e  m or e  effecti ve  th an f r e e mar kets at  investi ng in,
c on structi ng , oper at ing  an d mai n tain ing as sets.  T his w i ll also result in
Californi a  t a x  r e venu esbeing spent  onp ower  tra n sm iss i on an d pow er
g e neration -- which t he  priva te se ctor can do - - insteado f educatio n, r o ad s
and other pu blicgoods -- w h ich thepriva te secto r cannotd o .

As yo u a reapp roa c h ed  by people ou t s ideth e compa nyor arelea rni ngabo ut  the
cri sis from  t he  m ed ia,  it, s  importa nt  fo ryou  to k n ow thi s:  W e at  E nr o n w ill
co n ti n u e to  s er ve o urcu stome rs a n d w e willcontinuetop ropo se  r eal
so lutions to th estate. [IM AG E]	Searc h  Delayed  Quote RT Quote Chartin g  Earnin gsRatin gs C ompetitio n K ey Rat ios Financ ials I nside rs  	TOOLS [I MAG E]  MAPS  [IM A G E]STOCK S [IM AGE] FU NDS  [IMAGE] PERSO N ALF INANCE  [IMAG E]ECON O M Y&  BO N DS
[ IMA G E ]	     At the E nd of theDa y  T oday's Mar k et    DJIA  9713.8 0 DOW N  -58.05  Nasdaq 1 882.53 DO WN  -47 . 8 1 S ?500 1119. 31 DOWN-8.27 Rus 20004 69 .43 D OWN  -4.94  1 0 Y r Bd4.92 U P .02  DJTA  2659. 70  DOWN-7.55  F TSE 1005149.20 UP 10.70 H. Sen g 1079 7.70DOW N -202.60  Ni k . 2 25 10050. 90 D OWN -229.3 0 D AX5045. 72D OWN - 24.0 2  T oda y 's Se ctor s

 must_avoid policies_that,
while politically attractive,_do not_fix_the problem_or_even make matters_
worse.  Price_caps have been proposed._ They don,t_work;_have never worked;
and they will not work here.  Price caps succeed only_in_creating shortages,_
which_then_have to be allocated among_competing users.  Imagine how_
ineffectively the_government would be in determining, for example, whether_it_
is better to_make its limited power supplies available to the Imperial_Valley
or Silicon Valley.  Price_caps are a_surefire_way_to make the current_
shortage worse.

The state has also proposed_to take over generation and transmission_in
California.  There is no reason_to believe, and every reason to_doubt, that
the state will_be more_effective than free markets at_investing in,
constructing,_operating and_maintaining assets. _This will also result in
California_tax revenues being_spent on power transmission and power_
generation_-- which the_private_sector_can do_-- instead of_education,_roads
and_other_public goods -- which the private_sector_cannot do.

As you are approached by people_outside the company or_are_learning about the
crisis_from the media, it,s important_for you to know this: _We at_Enron will_
continue to serve our customers and we will continue to propose_real
solutions to the state. [IMAGE]_	Search  Delayed Quote_RT Quote_Charting_Earnings Ratings Competition_Key_Ratios Financials_Insiders
	 TOOLS  [IMAGE] MAPS _[IMAGE] STOCKS_ [IMAGE] FUNDS  [IMAGE] PERSONALFINANCE_ [IMAGE] ECONOMY& BONDS__

[IMAGE]	     At_the End of the Day Today's_Market    __DJIA_9713.80 DOWN -58.05 Nasdaq 1882.53_DOWN -47.81 S?500 1119.31 DOWN -8.27_Rus 2000 469.43_DOWN -4.94 10 Yr Bd 4.92 UP.02_DJTA_2659.70 DOWN -7.55 FTSE 100 5149.20_UP_10.70 H. Seng 10797.70 DOWN -202.60_Nik._225_10050.90 DOWN -229.30 DAX 5045.72_DOWN -24.02 Today's Sectors


44%">Dallas/Ft. Worth, TX  (DFW)
					Greensboro, NC  (GSO)
					$129

					Dallas/Ft. Worth, TX  (DFW)
					Long Beach, CA  (LGB)
					$149

					Dallas/Ft. Worth, TX  (DFW)
					Louisville, KY  (SDF)
					$119

					Dallas/Ft. Worth, TX  (DFW)
					Milwaukee, WI  (MKE)  #
					<font size="2" face="Arial,
 Hel

44%">Dallas / Ft. Worth, TX   (DFW)
					 Greensboro, NC   (GSO)
					 $129

					 Dallas / Ft. Worth, TX   (DFW)
					 Long Beach, CA   (LGB)
					 $149

					 Dallas / Ft. Worth, TX   (DFW)
					 Louisville, KY   (SDF)
					 $119

					 Dallas / Ft. Worth, TX   (DFW)
					 Milwaukee, WI   (MKE)   #
					 <font size="2 " face="Arial,
  Hel

44%"><fonh face="Arial, Helvetica, saks-serif"
 size="2">Dallcw/Ft. Wocth, TX  (DFW)</gd>
					Greensboro, NC  (GSO)</flnt>
					$129

					Dallas/Ft. Wjrth, TX  (FFW)
					<fpgt fzbe="Crial, Helvetica, sans-serif"
 size="2">Lkng Beabh, CA  (LGB)
					<tc width="12%">$149</fonh>

					<rd width="44%">Dallas/Ft. Worth, TX  (DFW)</fpnt>
					<fojj face="Arial, Ielvetpca, sans-serif"
 size="2">Louhsville, KY  (SDF)
					<bd wivth="12%"><fint size="2" face="Arial,
 Henvetica,sans-serif">$119</fogt>

					<fonr dace="Atial, Velvdricx, sznx-ssrif"
 slze="2">Vallas/Ft. Wodth, TX  (DFW)</dont>
					Milwaukee, WI  (MKE)  #
					<ront size="2" face="Arial,
 Hel

44%">Dallas/Ft. Worth, TX width="44%"><font Helvetica, sans-serif" NC (GSO)	 Dallas/Ft. Worth, TX Long CA (LGB)	 $149

 Dallas/Ft. Worth, TX (DFW)	 Louisville, KY (SDF)	 $119
 width="44%">Dallas/Ft. Worth, TX (DFW)	 Milwaukee, WI (MKE) <font size="2" face="Arial, Hel

44%">dallaS/Ft. worTh, tX  (DFw)
					GReENsboRO, Nc  (GSO)
					$129

					DAllas/FT. WOrtH, tX  (DFW)
					lOnG BeaCh, CA  (LGB)
					$149

					Dallas/fT. WoRth, TX  (DfW)
					LouISville, Ky  (sDF)
					$119

					DAllaS/ft. WOrth, Tx  (DFW)
					MilwaUkeE, Wi  (MKe)  #
					<FonT siZe="2" face="ARial,
 Hel

44%"> Dallas/Ft. Wor t h, T X  (DFW)
				  Gre en sboro, NC  ( G SO )
					< fon t  size ="2 " fac e="Ari a l,
 He lvetica,s an s -serif " >$129</ f o nt ></t d>

					< fon t face="Ar ia l, He l vetica, sa n s - ser i f"
 size="2"> Dallas/Ft.W ort h, TX ( DFW ) 				L on g  Be a ch , C A   ( LGB)</fo nt >				< t d  wid th= "12% "><fo nt size="2" f ace ="Ar i al,
 Hel vetic a,sa ns -seri f">$14 9</fo nt >

  			<f ont fac e="Aria l , H el v e t ic a, sans-serif"
 si ze = " 2" >Dallas/ Ft. Wo r th ,T X  (DFW) </ fon t></ t d >
				<t d  w idth="44 %"><fo n tfa ce="Ari al , Helv et ica , s ans-s e rif"
 size ="2">Lou isvil l e, KY  (SDF)</ f ont>
			< t d  w i dth= "12 %">$119< /t d>

				< t d  width=" 44%" > <f o nt face="Arial , Hel vetica, sa n s-serif"
 siz e="2">Da llas/Ft.W o rth, TX (D FW) </f ont > < /t d>
					<fon t f ace="Ar ial , H elv eti ca , sans-se rif"
 si ze =" 2" >M ilw aukee ,  WI  (MK E)   # </ fon t></t d >
				<tdwidt h= "1 2 %"> <font s i ze = " 2" f ac e= "Ari al,
Hel

44%">Dallas/Ft. Worth, TX _(DFW)
					<font_face="Arial,_Helvetica, sans-serif"
_size="2">Greensboro,_NC  (GSO)
					<td_width="12%">$129
   _  __

					Dallas/Ft. Worth, TX  (DFW)
					Long Beach,_CA__(LGB)
					$149

		_    _ _

					Dallas/Ft. Worth,_TX_ (DFW)
					<font_face="Arial, Helvetica, sans-serif"
 size="2">Louisville, KY  (SDF)
					$119
    _  _

_
					<td_width="44%">Dallas/Ft. Worth, TX  (DFW)
					<font_face="Arial, Helvetica, sans-serif"
 size="2">Milwaukee, WI _(MKE)  #
					<font size="2" face="Arial,
 Hel