GA Priorities - Nov. 15, 2001

Rick:

Here are the priorities as communicated today.

1. PGE Sale
2. Dynegy Acquisition
3. Asset Sales (other than PGE)
4. Refund Risks/California Receivables/Bankruptcy exposures (California)
5. EES
5.1. Market maintenance/Evolution
5.2. Protecting existing Deals/Positions
5.3. No new advocacy or opening new markets
6. Wholesale Issues
6.1. Desk coverage for electricity (East/ERCOT/WEST) and gas
6.2. FERC
6.2.1. RTO Development/Standardization
6.2.2. Limited participation in regional issues.
6.2.3. GAS issues
6.2.4. Other regulatory initiatives (e.g. market based rates)
6.2.5. No new state initiatives.
6.3. Market Maintenance and Compliance
7. Coal

Please let me know if you have any question.

Brgrds

AI