Project Stanley

You should be aware that I was advised yesterday by Larry Charach of the
Alberta Department of Resource Development that the Market Surveillance
Administrator has prepared a "status report" on the Alberta electricity
market which will be made public on Monday. The Minister also disclosed the
existence of the MSA Report during a speech yesterday and said: "As Minister
of Resource Development, I will be taking a very close look at the MSA's
Report when it is delivered in the coming days". Larry Charach told me
that he doesn't know what the report will say or conclude but did say that he
expects the report is "likely to raise some controversy". I will circulate
a copy of the report once I receive it.