Subject: "Weekend efforts to translate core/noncore proposal into legislative language".

Body: Below is an update from the weekend's activities. The group negotiating the core/noncore proposal met over the weekend to attempt to put the proposal into legislative language/format. The product produced thus far is generally sloppy and ill-drafted and the individual facilitating the group is working tonite to integrate the comments provided and discussions that took place today. He will distribute a new draft by noon tomorrow (PDT). The plan as it currently stands is to deliver a product to Hertzberg by COB tomorrow (Monday). As expected, some in the group are attempting to "recontract" certain portions of the original deal, but those attempts are generally at the margin. The DWR contracts remain a key impediment to any deal. Senator Burton has still not definitively committed to a conference committee to produce a bill to deliver to Davis. In addition, the legislation to create a dedicated rate component to service the bonds to repay the state budget for power purchased by DWR (and de-link the bonds from the DWR contracts) may be on a slower track than folks thought initially. Will have more information tomorrow on where Burton and the bond legislation stand. Best,

Subject: "Maureen Raymoin'ds Review".

Body: Norma, Maureen Raymond refuses to sign her review. Can you, please, join us tomorrow to discuss it. I have a time slot available at 2:00 but I can reorganize my schedule to accommodate you. Vince

Subject: "Houston - Ziff Energy Gas Strategies Conference".

Body: Too much of a good thing? It seems we have overcompensated with storage fill and even the winter won't reverse falling gas prices? Now, how do we recover? Register for Ziff Energy's annual gas storage conference before January 14, save $100, and find out! Redefining the Fundamentals of Gas Storage: Is Gas Still in the Storage Game? February 6-7, Houston A Full-Value Agenda.......tackling pricing issues, unique needs of power producers, increasing demand for customized services. Hearing about new storage projects and technology. Offered by some of North America's leading experts: Phil Scalzo, VP Origination, Williams Energy Marketing & Trading Larry Bickle, Managing Director, Haddington Resources Kyle Cooper, VP & Energy Analyst, Salomon, Smith, Barney John Hopper, President, Falcon Gas Storage Robert Jones, Director, Eastern Bus. Dev., TransCanada PipeLines IN-DEPTH SEMINARS Power Generator Seminar How Calpine Corporation is handling its gas storage and deliverability requirements Storage Pricing Seminar Comprehensive insights for 2002: storage pricing volatility, effects on commodity and options pricing, leveraging opportunities PROJECT DISPLAYS Current projects of North America's leading storage providers: How they're using new technology, handling challenges, seizing opportunities VALUABLE NETWORKING OPPORTUNITIES TEXAS WELCOME - Hosted by Bloomberg Pre-conference get-together, February 5, 7-10 p.m. Special invitation to all conference registrants DELEGATES' RECEPTION - Sponsored by Northwinds Pipeline February 6 at 5:00 p.m. - All conference delegates welcome

Subject: "book".

Body:
Thinking about bailing out of the big O for a couple of days w/o rugrats or Sandra. Taking Kari out of her native biome is more hassle than its worth these days. Might just blow up for a long weekend and do some fishing and beer drinking. Send me the name of that book on flyfishing in the Hills--I