Jim Steffes asked me to call Seabron Adamson to get his take on what a "Top 
5" list should include for California.  Seabron sent me the attached list, 
which, as you will notice, is just his first cut on this.  I thought it might 
be helpful for everyone for the conference call today -- but please remember 
that this is really just a first attempt at putting the problems down on 
paper.

Sarah


---------------------- Forwarded by Sarah Novosel/Corp/Enron on 09/15/2000 
11:39 AM ---------------------------


"Seabron Adamson" <seabron.adamson@frontier-economics.com> on 09/13/2000 
02:32:30 PM
To: <snovose@enron.com>
cc:  

Subject: California "Top Five" list



Sarah:

Please find attached a "top five" list on California market reform, as
requested, with some annotations on why I think these changes would be
beneficial etc. It is quite rough - not much more than a brain dump really -
but can serve as a basis for discussion.

Have a look and see what you think. Perhaps we should set up a call to
discuss sometime later this week?


Seabron



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Seabron Adamson
Frontier Economics Inc
Two Brattle Square
Cambridge, MA 02138 USA
Ph:  (617) 354-0060
Fax: (617) 354-0640
seabron.adamson@frontier-economics.com

www.frontier-economics.com

 - 00-09-12 SA California market reform top five list.doc