ISO Market Participants:

Request for Feedback on Desired Frequency of Future Firm Transmission Rights
(FTR) Auctions

The ISO completed the second annual auction of Firm Transmission Rights
(FTR) on January 19, 2001.  The one-year term for these FTRs will expire
March 31, 2002.  The ISO is now considering whether to increase the
frequency of future FTR auctions beginning with the next auction planned for
January 2002.

The ISO  requests feedback from Market Participants on the desirability of
holding FTR auctions more frequently, than once each year.

Please provide your comments via e-mail to Jim McClain, Client Relations at
JMcClain@caiso.com,  by Noon on Monday, June 4, 2001.  We thank you in
advance for your comments.

 Please direct any questions to Jim McClain at 916-608-7072 or to Scott
Jercich at 916-608-5987.

Client Relations Communication
CRCommunications@caiso.com