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Attached is a revised Credit Watch listing as of 4/17/01. Please note that Nevada Power Company, Sierra Pacific Resources and Sierra Pacific Power Company were all placed on NO TRADES and Select Energy, Inc. was placed on Call Credit. If there are any personnel in your group that were not included in this distribution, please insure that they receive a copy of this report. To add additional people to this distribution, or if this report has been sent to you in error, please contact Veronica Espinoza at x6-6002. For other questions, please contact Bill Bradford at x3-3831, Russell Diamond at x5-7095, or Brant Reves at x3-9897.

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REVISED Credit Watch List--4/17/01