Re:

Phillip:

I have a meeting tomorrow morning with the Oregon PUC staff to discuss a
number of pricing and supply issues. Can I use the information attached to
your e-mail in the meeting with staff?

Paul

To: Christi L Nicolay/HOU/ECT@ECT, James D Steffes/NA/Enron@ENRON, Jeff
Dasovich/NA/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT,
pallen@enron.com, pkaufma@enron.com, Richard B Sanders/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@ENRON, Stephanie Miller/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@ENRON, Susan J Mara/NA/Enron@ENRON, Rebecca W
Cantrell/HOU/ECT@ECT
cc:
Subject:

Attached are two files that illustrate the following:

As prices rose, supply increased and demand decreased. Now prices are
beginning to fall in response these market responses.