Recession Scenario Impact on Power and Gas

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/22/2001
08:49 AM ---------------------------

Enron North America Corp.

From: Frank Hayden @ ENRON 02/21/2001 05:46 PM

To: Tim Belden/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Phillip K
Allen/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, John
Arnold/HOU/ECT@ECT, John J Lavorato/Corp/Enron, Louise Kitchen/HOU/ECT@ECT,
Thomas A Martin/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT
cc:
Subject: Recession Scenario Impact on Power and Gas

Attached is a CERA presentation regarding recession impact. Feel free to
call in any listen to pre-recorded discussion on slides. (approx. 20mins)
CERA is forecasting some recession impact on Ca., but not enough to alleviate
problem.

Frank

Call in number 1-888-203-1112
Passcode: 647083#