Please be advised that the California Power Exchange Corporation has
received a deposition subpoena from the California State Senate Select
Committee to investigate price manipulation of the wholesale energy market.
The subpoena seeks the testimony of George Sladoje, Chief Executive
Officer, of the CalPX.     Mr. Sladoje is scheduled to testify pursuant to
the subpoena on April 2, 2002 at the legislative office Building, 1020 N
Street, Room 288, Sacramento, California.   The subpoena also seeks the
production of the following documents, some of which may be considered
confidential under Section 19.3.2 of the CalPX Tariff:

     1.  Any and all documents relating to the Market Monitoring Committee,
including, but not limited to, any and all reports prepared by or for said
Committee, notes, e-mail memorandum, correspondence, drafts, and documents
supporting any Committee reports.

     2.  Any and all documents relating to the market compliance Unit
including but not limited t, any and all reports prepared by or for said
Committee notes, e-mails, memorandum, correspondence, drafts, and documents
supporting any Committee reports.

Counsel for the Senate Select Committee has stated that the confidential
materials provided by CalPX in response to this subpoena will be treated by
the Senate Select Committee in accordance with the terms of the May 15,
2001 letter from Senator Joseph L. Dunn that was previously posted on the
CalPX web site.

If you desire to assert a claim of confidentiality or privilege, you should
direct your written statement by March 26, 2002 to the following:

Peter Fisher
Counsel to the Select Committee
Office of Senator Dunn
State Capitol
Room 2080
Sacramento, CA 95814
Tel: (415) 898-1555
ronda.pashal@sen.ca.gov


Please also send a copy of your statement to CalPX as follows:

Susan D. Rossi
Managing Director - Legal & Regulatory Affairs
California Power Exchange Corporation
70 S. Lake Avenue
Pasadena, CA 91101
Tel:(626) 685-9857
Fax:(626) 796-5260
E-mail: sdrossi@calpx.com