Phillip:

I have a meeting tomorrow morning with the Oregon PUC staff to discuss a 
number of pricing and supply issues.  Can I use the information attached to 
your e-mail in the meeting with staff?

Paul


To: Christi L Nicolay/HOU/ECT@ECT, James D Steffes/NA/Enron@ENRON, Jeff 
Dasovich/NA/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT, 
pallen@enron.com, pkaufma@enron.com, Richard B Sanders/HOU/ECT@ECT, Richard 
Shapiro/NA/Enron@ENRON, Stephanie Miller/Corp/Enron@ENRON, Steven J 
Kean/NA/Enron@ENRON, Susan J Mara/NA/Enron@ENRON, Rebecca W 
Cantrell/HOU/ECT@ECT
cc:  
Subject: 

Attached  are two files that illustrate the following:

As prices rose, supply increased and demand decreased.  Now prices are 
beginning to fall in response these market responses.