ISO Market Participants
  SC Settlement Contacts
  Attached is a report of the ISO's distribution of funds
received based on the December 2000 preliminary invoice.
   <<03082001 ISO Market Participants Notice - December
Billing.doc>>
  We will also hold a conference call tomorrow afternoon, 1:00
p.m. - 2:00 p.m. PST, to address any outstanding questions you may have
regarding this fund distribution.  We will conclude the Market Stabilization
conference call by 1:00 p.m. PST so that we can address both topics with
East- and West-Coast clients before the weekend.  The call information is as
follows:
  Call-In Number:  877-381-6005
  Passcode: 760357
  Leader:  Byron Woertz

  Byron B. Woertz, Jr.
  Director, Client Relations
  (916) 608-7066

 - 03082001 ISO Market Participants Notice - December Billing.doc