Steve - After last week's "win" on the European export charge (you have 
received a few e-mails from me on this), I think we might want to change the 
one slide that touches upon this issue before the EBR.  I do not have the 
relevant slide here with me in Tokyo, but could work with Elizabeth on 
Friday, changing my earlier materials.  In the prior materials, we showed 
this a big "defensive" issue (risk to be mitigated).  I (very) conservatively 
put the value to Enron at $5MM for 2001 (Joe Gold says it saves him several 
hundred thousand this Q4 alone, and that number is low because he realigned 
his supply portfolio in anticipation of the charge being effective Oct. 1, 
which realignment he says he has not done/did not do yet for 2001, hence the 
bigger figure.  Any way, if you want to make the change, if Elizabeth will 
call me Friday, we can work to incorporate it.   thanks  mcs