Market Opening Position

Is this okay with you. Thanks, Aleck
----- Forwarded by Aleck Dadson/TOR/ECT on 04/23/2001 02:03 PM -----

Aleck Dadson
04/23/2001 01:01 PM

To: Eric Thode/Corp/Enron@ENRON
cc: mpenney@gpc.ca, pvarley@gpc.ca
Subject: Market Opening Position

Eric, we are pretty sure the announcement will be that they will open the
market by May 2002. Today, senior political and bureaucratic staff in the
Ministry of Energy have gone out of their way to stress that the announcement
is designed to leave open the real possibility of an earlier opening (i.e.
in November 2001) if that is feasible. As matters stand, I think that our
response should be: a) We are pleased by the reaffirmation of the gov'ts
intention to move forward with competition in the Ontario power market; b)
our understanding of the position is that it leaves open the real
possibility of opening the market earlier, such as of November 1, 2001; c)
we continue to believe that an opening in November 2001 is feasible and in
the best interests of Ontario (for the reasons set forth in Ken Lay's speech)
; and d) accordingly, we will continue to work towards a November opening
and we encourage all others in the market to do the
same. Peter Varley of GPC is going to give you a call.