Subject: "meetings in Argentina".

Body: In connection with the trip to BA next week, I am having some problems scheduling meetings with other consultants and would like to know whether you have been able to schedule a meeting on Tuesday (Feb. 29) or Wednesday (March 1) with your colleagues and/or the ADA. I would appreciate hearing from you as quickly as possible in the morning because I already have requests to meet on those two days. I would obviously like to defer to your plans. Please call me tomorrow. Thanks. Sara

Subject: "Hoecker letter".

Body: The attached letter is being delivered this morning to the FERC commissioners. Since the letter concerns a matter currently pending before the commission it will also be served on the parties. We plan to talk to the press about it as well. A number of other companies and organizations are also submitting letters and we have helped prepare an EPSA filing which focusses specifically on California. Our best information at this point is that the FERC staff report regarding California is generally accurate, and therefore, favorable. While it will mention periodic exercises of market power, it is expected to lay blame for California's woes at the feet of California's own decisions about market structure. It is further expected that the report will not provide a basis for ordering refunds. On the other hand, the Commission's order (to be considered tomorrow along with the staff's report) is expected to at least put refunds on the table for comment and to discuss, and perhaps implement, further price caps. This is just our best guess at this point. the Commission has put special emphasis on putting the report and order under wraps until wednesday.

Subject: "TVA Synthetic Peaker".

Body: Harry and Brandon: Just to memorialize what I just communicated to Harry over the phone. My interface at TVA emailed yesterday requesting a phone dialogue to discuss where our Synthetic Peaker offer needs to be for TVA to execute. Holding all assumptions constant, we would need to come in between $2.25-$2.30/KW-month in order for TVA to execute. Our indicative quote was $3.90/KW-month. I will attempt to find out if they have other offers in the sub-$2.50 range or if they are just setting their own bid at the requested price.

Subject: "Office Visit".

Body:
Lynn, I spoke with Laura Luce on Friday, and she asked me to coordinate with you to arrange a visit to the Chicago office. We tentatively discussed scheduling my visit for Friday January 26 to Monday Jan 29. Please let me know if these dates are still convenient and who I need to contact to make all the necessary arrangements. Thank you for your help,