PGE POSITION REPORT AS OF MAY 28 - REVISED

From: gardner@enron.com

To: rod.hayslett@enron.com, stanley.horton@enron.com, jim.lobdell@enron.com,mary.turina@enron.com, jim.piro@enron.com, peggy.fowler@enron.com

Subject: PGE POSITION REPORT AS OF MAY 28 - REVISED

Cc: kristin.stathis@enron.com

Bcc: kristin.stathis@enron.com

Date: Tue, 29 May 2001 14:08:00 -0700 (PDT)

Attached is the revised PGE position report as of May 28, 2001.