Accurate and sobering.  I've made two small comments just as an fyi.





	<Suzanne_Nimocks@mckinsey.com>
	01/12/2001 09:18 AM
		 
		 To: skean@enron.com
		 cc: 
		 Subject: Urgent;  California Article


Here is a draft of the article we discussed.  It is rather benign - but I
would appreciate it if you would take a look.  Let me know if you have any
reaction.
----- Forwarded by Suzanne Nimocks/HOU/NorthAmerica/MCKINSEY on 01/12/2001
09:17 AM -----

                    Bob Edwards
                    01/11/2001           To:     Les
                    04:28 PM             
Silverman/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         John 
Bookout/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Tim 
Bleakley/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Rob 
Latoff/CLE/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Matt 
Rogers/SFO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Jim 
Robb/SFO/NorthAmerica/MCKINSEY@MCKINSEY, Andy
                                         
Steinhubl/LAN/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Suzanne
                                         
Nimocks/HOU/NorthAmerica/MCKINSEY@MCKINSEY
                                         cc:     Gerrit van
                                         
Geyn/TOR/NorthAmerica/MCKINSEY@Mckinsey, Thomas
                                         Seitz, Jud
                                         
Morrison/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Scott Nyquist, Susan
                                         
Lund/DCO/NorthAmerica/MCKINSEY@MCKINSEY
                                         Subject:     Urgent;  California 
Article




Attached is an article that we have drafted with the help of a McK
Quarterly editor.   We have set up a call for tomorrow at 10:00  (CST) in
order to talk through the article and the implications to our clients.  We
have received very good and constructive comments from many of you which we
have tried to incorporate (as much as a 750 word limit would allow).  We
believe we have a shot at a Monday op-ed piece in the WSJ if we send this
out Friday.  The events of today highlight the timeliness of this issue.
Looking forward to talking to you tomorrow.

Bob


 (See attached file: CalMarket-op-ed.doc)











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 - CalMarket-op-ed.doc