Tamara Jae Black@ECT
04/02/2001 09:31 AM
To: Rudy Acevedo/HOU/ECT@ECT, Diana Allen/Enron@EnronXGate, Russell 
Ballato/NA/Enron@Enron, Ted Ballinger/Enron@EnronXGate, Don 
Baughman/HOU/ECT@ECT, Edward D Baughman/Enron@EnronXGate, Corry 
Bentley/HOU/ECT@ECT, Robert Benson/Corp/Enron@ENRON, Tamara Jae 
Black/HOU/ECT@ECT, Lisa Burnett/Corp/Enron@Enron, Paul J 
Broderick/HOU/ECT@ECT, Richard Broussard/Corp/Enron@Enron, Larry F 
Campbell/NA/Enron@Enron, Mike Carson/Corp/Enron@Enron, Jason 
Choate/Corp/Enron@ENRON, Kevin Cline/Corp/Enron@Enron, Terri 
Clynes/HOU/ECT@ECT, Keith Comeaux/Corp/Enron@Enron, Karla 
Compean/Enron@EnronXGate, Kayne Coulter/HOU/ECT@ECT, Oscar 
Dalton/Enron@EnronXGate, Mark Dana Davis/HOU/ECT@ECT, Clint 
Dean/Corp/Enron@Enron, Todd DeCook/Corp/Enron@Enron, George 
Diaz/Corp/Enron@ENRON, Chris Dorland/HOU/ECT@ECT, Tom Dutta/HOU/ECT@ECT, Joe 
Errigo/Corp/Enron@Enron, Miguel L Garcia/NA/Enron@ENRON, Gerald 
Gilbert/HOU/ECT@ECT, Doug Gilbert-Smith/Corp/Enron@ENRON, Gautam 
Gupta/HOU/ECT@ECT, Patrick Hanse/HOU/ECT@ECT, Juan 
Hernandez/Corp/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Jim 
Homco/HOU/ECT@ECT, Richard Hrabal/HOU/ECT@ect, Rika Imai/NA/Enron@Enron, 
Larry Jester/Corp/Enron@ENRON, Gary Justice/Enron@EnronXGate, Mike E 
Kelly/Enron@EnronXGate, Grace Kim/NA/Enron@Enron, Jeff King/Corp/Enron@Enron, 
John Kinser/HOU/ECT@ECT, Madhup Kumar/Enron@EnronXGate, Dean 
Laurent/HOU/ECT@ECT, Justin Laverell/Corp/Enron@ENRON, Chris 
Lenartowicz/Corp/Enron@ENRON, Matt Lorenz/HOU/ECT@ECT, Gretchen 
Lotz/HOU/ECT@ECT, Peter Makkai/NA/Enron@Enron, Tom May/Corp/Enron@Enron, 
Keller Mayeaux/Corp/Enron@Enron, Doug Miller/Corp/Enron@Enron, Jeffrey 
Miller/NA/Enron@Enron, Narsimha Misra/NA/Enron@Enron, Christi L 
Nicolay/HOU/ECT@ECT, Steve Olinde/Corp/Enron@Enron, Andy Pace/NA/Enron@Enron, 
Juan Padron/NA/Enron@Enron, Laura Podurgiel/HOU/ECT@ECT, Kevin M 
Presto/HOU/ECT@ECT, Joe Quenet/NA/Enron@Enron, Bill Rust/HOU/ECT@ECT, David 
Ryan/Corp/Enron@ENRON, Eric Saibi/Corp/Enron@ENRON, Anna 
Santucci/NA/Enron@Enron, Erik Serio/Corp/Enron@Enron, Doug 
Sewell/Enron@EnronXGate, Robert Stalford/NA/Enron@Enron, Chad 
Starnes/Corp/Enron@Enron, Joe Stepenovitch/Corp/Enron@Enron, Mark 
Symms/Enron@EnronXGate, Ramanarao Tamma/Enron@EnronXGate, Garrett 
Tripp/TOR/ECT@ECT, Greg Trefz/Corp/Enron@ENRON, Larry 
Valderrama/Enron@EnronXGate, Maria Valdes/Corp/Enron@Enron, Joseph 
Wagner/NA/Enron@Enron, Christopher Watts/NA/Enron@Enron, Lloyd 
Will/HOU/ECT@ECT, Smith L Day/HOU/ECT@ECT, John M Forney/NA/Enron@Enron, Andy 
Rodriquez/Enron@EnronXGate, Claudia Guerra/NA/Enron@ENRON, Benjamin 
Rogers/HOU/ECT@ECT, Lisa Shoemake/HOU/ECT@ECT, Clayton 
Vernon/Corp/Enron@ENRON, Fletcher J Sturm/HOU/ECT@ECT, Alex 
Wong/Corp/Enron@Enron, Steve H Wang/NA/Enron@Enron, Ozzie 
Pagan/Enron@EnronXGate, Bruce Sukaly/Enron@EnronXGate
cc:  

Subject: Electricity & Fuels Briefing


 
  Please attend the Electricity & Fuels Briefing by Allen M. Stewart, Pira 
Energy Group

  Where: 30C1
  When: Monday, April 30, 2001 from 3:30 pm to 5:30 pm. 


If there are any topics that you would like to see expanded upon or added, 
please contact Rika Imai - 37236.



AGENDA

Agenda:  This Agenda sets out a broad set of topics which will be covered in 
handout charts and tables accompanying this briefing. Active participation is 
encouraged to help efficiently utilize the time of discussion in line with 
areas of greatest interest.  In addition any questions forwarded in advance 
will be addressed.

Briefing Objective:  Review and analyze key drivers of electricity & fuel 
prices at various regional markets throughout North America, with a special 
emphasis on those subregions of the Eastern and/or Western Grids which are of 
greatest interest. Discuss the key factors/risks to PIRA,s reference case 
outlook and explore important alternative scenarios. Principal timeframes 
will be now through 4Q2001 (short-term), and years 2001/2 (medium-term). 
There will be a brief discussion of strategic issues and those relating to 
longer-term timeframes.

? Short-Term Electricity & Fuels Outlook (Next 12 Months)
- Electricity Price Outlook (vs.. Current Consensus)
- Overall Load, Resource & Price Assessments
- Capacity Modeling & Results
- Hydro, Fuels, & Environmental Developments 
- Implications for Natural Gas Demand/Prices

? Medium-Term Electricity & Fuels Outlook (1 )3 Years)
- Capacity Outlook
- Survey Results & Implications For Prices & Asset Values
- Strategic Implications For Traders/Asset Managers
- Implications for Natural Gas Demand/Prices

? Longer-Term & Strategic Issues for Future Electricity & Fuels Markets
 - Outlook For Capacity Additions, Retirements, Environmental Factors & Prices
- Potential Strategy Options For Consideration
- California Developments
- Can Deregulated Markets Work For Consumers?

? Fuels & Emissions Markets
- Natural Gas & Oil (if relevant) Price Outlook & Risks
 Coal & Emission Markets Developments