Attached is PIRA's Western Grid Market Forecast for April 2001.

Please direct questions regarding this report to Victoria Watkins, Morris
Greenberg, Allan Stewart or Alastair Stevenson at (212) 686-6808.

Please contact John Graziano regarding PIRA report distribution at ext. 341.

NOTE: Circulation of the "Western Grid Service" outside a Client's licensed
distribution area is strictly prohibited. Copyright compliance is enforced.
Clients that are unsure of their licensed distribution or require an
extension of their current license should contact their PIRA sales
representative, or email to sales@pira.com.

PIRA Electricity Group

 - westapr-01.pdf