<HTML>

<HEAD>
<META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=windows-1252">
<META NAME="GENERATOR" CONTENT="Microsoft FrontPage 4.0">
<META NAME="ProgId" CONTENT="FrontPage.Editor.Document">
<TITLE> U.S. Transmission Industry Report</TITLE>
</HEAD>

<BODY BGCOLOR="#FFFFFF">

<DIV ALIGN="center">
  <CENTER>
  <TABLE BORDER="0" CELLPADDING="4" WIDTH="600">
    <TR>
      <TD><IMG BORDER="0" SRC="http://www.pmaconference.com/imagesemail/id000013/001.ht3.jpg" WIDTH="590" HEIGHT="156"></TD>
    </TR>
  </CENTER>
    <TR>
      <TD WIDTH="600" VALIGN="top">
        <P ALIGN="left"><FONT FACE="Verdana" SIZE="2"><SPAN STYLE="mso-fareast-font-family: Times New Roman; mso-bidi-font-family: Times New Roman; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA">Energy
        Info Source's U.S. Transmission Report is a <B STYLE="mso-bidi-font-weight:
normal">550-page, 4 part</B> report which provides all you need to know about
        the fast ch!
anging transmission industry. The report takes a wide-ranging
        look at changes in the <B STYLE="mso-bidi-font-weight:normal">structure</B>
        of the business, assesses current and projected <B STYLE="mso-bidi-font-weight:normal">reliability</B>
        issues, examines how transmission is effecting <B STYLE="mso-bidi-font-weight:
normal">bulk power</B> markets, and analyzes the FERC-mandated RTO filings.</SPAN></FONT><SPAN STYLE="font-family:Arial;mso-bidi-font-family:
&quot;Times New Roman&quot;"></o:p>
  </SPAN></TD>
  <CENTER>
  </CENTER>
    </TR>
  <CENTER>
    <TR>
      <TD WIDTH="600" VALIGN="top">
        <IMG BORDER="0" SRC="http://www.pmaconference.com/imagesemail/id000013/ustran1.jpg" width="590" height="59"></TD>
    </TR>
    <TR>
      <TD WIDTH="600" VALIGN="top">
        <FONT FACE="Verdana" SIZE="2">Now in its 15th year of publication,
        Wheeling &amp; Transmission Monthly is the only source of comprehensive
        information on transmis!
sion and bulk power filings at the FERC. Every
        filing at FERC during the past month is summarized, complete with docket
        number for pulling the entire file. The most important filings are
        featured in &quot;Bulk Power Highlights.&quot; WTM also covers the key
        decisions at FERC, and stories at the Regional Transmission
        Organizations and Independent System Operators. It is a continuing
        update to your U.S. Transmission Industry Report. Normally $345, it is
        FREE with your order of the U.S. Transmission Report. Delivered in pdf
        format by email. Published by the Power Marketing Association.</FONT></TD>
    </TR>
  </TABLE>
  </CENTER>
</DIV>

<CENTER>
  <TABLE BORDER="0" CELLPADDING="3" CELLSPACING="3" WIDTH="600">
    <TR>
      <TD>
        <P ALIGN="center"><A HREF="http:/www.pmaconference.com/transinfo.pdf"><FONT FACE="Verdana" SIZE="2"><B>Click
        Here to Download Ordering Information, a Complete Table of Cont!
ents and
        a Free Issue of Wheeling &amp; Transmission Monthly</B></FONT></A></TD>
    </TR>
  </TABLE>
</CENTER>

<DIV ALIGN="center">
  <CENTER>
  <TABLE BORDER="0" CELLPADDING="3" CELLSPACING="3" WIDTH="600">
    <TR>
      <TD>
        <P CLASS="MsoNormal"><IMG BORDER="0" SRC="http://www.pmaconference.com/imagesemail/id000013/001.ht4.gif" width="585" height="19"></P>
        <UL>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">The
            <B STYLE="mso-bidi-font-weight:normal">History</B> of Transmission
            in the U. S. </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">The
            Impact of FERC <B STYLE="mso-bidi-font-weight:normal">Orders 888</B>
            and <B STYLE="mso-bidi-font-weight:normal">889</B> </FONT></SPAN></LI>
          <LI>
            <P CLASS="Mso!
Normal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">FERC's
            Push Toward RTOs through the <B STYLE="mso-bidi-font-weight:normal">Merger
            Approval Process</B> <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">Discussion
            of the <B STYLE="mso-bidi-font-weight:normal">Creation of TransCos</B>
            <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">Detailed
            Analysis of FERC <B STYLE="mso-bidi-font-weight:normal">Order 2000</B>
            <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">D!
etailed
            Discussion, Analysis, and Comparison of October 15 RTO Filings --
            including <B STYLE="mso-bidi-font-weight:normal">Innovative Rate
            Treatments</B> <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">Discussion
            of Current ISOs and Projections on their <B STYLE="mso-bidi-font-weight:normal">Jan.
            15 RTO Filings</B> <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">Listing
            of FERC <B STYLE="mso-bidi-font-weight:normal">Dockets</B>  and <B STYLE="mso-bidi-font-weight:normal">Policy
            Statements</B>  Regarding RTOs <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><B STYLE!
="mso-bidi-font-weight:normal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">Maps</FONT></SPAN></B><FONT FACE="Verdana" SIZE="2"><SPAN STYLE="mso-bidi-font-family: Times New Roman">
            of Proposed TransC0 and RT0 Territories </SPAN></FONT></LI>
        </UL>
        <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2"><IMG BORDER="0" SRC="http://www.pmaconference.com/imagesemail/id000013/001.ht5.gif" WIDTH="585" HEIGHT="19"><o:p>
        </o:p>
        </FONT></SPAN></P>
        <UL>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">Review
            of NERC's 2000 <B STYLE="mso-bidi-font-weight:normal">Reliability</B>
            Assessment <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT !
FACE="Verdana" SIZE="2">Review
            of FERC Investigation of <B STYLE="mso-bidi-font-weight:normal">Bulk
            Power</B>  Markets <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">Discussion
            of <B STYLE="mso-bidi-font-weight:normal">California's</B> Wholesale
            Market Problems <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">Analysis
            of Pricing Trends and <B STYLE="mso-bidi-font-weight:normal">Price
            Caps</B>  in ISOs <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">FERC
            Action On <B STYLE="mso-bidi-f!
ont-weight:normal">October 15th RTO
            Filings</B> <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">Detailed
            Discussion, Analysis, and Comparison of <B STYLE="mso-bidi-font-weight:normal">January
            15 RTO Filings</B> <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><B STYLE="mso-bidi-font-weight:normal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">Tables</FONT></SPAN></B><FONT FACE="Verdana" SIZE="2"><SPAN STYLE="mso-bidi-font-family: Times New Roman">
            of Regional Demand and Capacity </SPAN></FONT></LI>
        </UL>
        <P CLASS="MsoNormal"><IMG BORDER="0" SRC="http://www.pmaconference.com/imagesemail/id000013/002.ht8.gif" WIDTH="585" HEIGHT="19"></P>
        <UL>
          <LI>
            <P CLASS="!
MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">Analysis
            of FERC Conditional Approval of <B STYLE="mso-bidi-font-weight:normal">GridSouth
            TransCo</B> <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">GridSouth?s
            Request for Clarification on FERC Order <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">Analysis
            of FERC Conditional Approval of <B STYLE="mso-bidi-font-weight:normal">GridFlorida
            TransCo</B> <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">Analysis
        !
    of FERC Rejection of Southern Company?s <B STYLE="mso-bidi-font-weight:normal">SeTrans
            GridCo</B> <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">Analysis
            of FERC Directed Changes to <B STYLE="mso-bidi-font-weight:normal">Southwestern
            Power Pool/Entergy Hybrid RTO</B>  Proposal <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI>
            <P CLASS="MsoNormal"><SPAN STYLE="mso-bidi-font-family: Times New Roman"><FONT FACE="Verdana" SIZE="2">Update
            on <B STYLE="mso-bidi-font-weight:normal">Alliance</B> and <B STYLE="mso-bidi-font-weight:
normal">Midwest ISO</B> Settlement <o:p>
            </o:p>
            </FONT></SPAN></LI>
          <LI><FONT SIZE="2"><FONT FACE="Verdana"><SPAN STYLE="mso-fareast-font-family: Times New Roman; mso-bidi-font-family: Times New Roman!
; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA">Analysis
            of FERC Conditional Approval of </SPAN></FONT><B STYLE="mso-bidi-font-weight:normal"><SPAN STYLE="mso-fareast-font-family: Times New Roman; mso-bidi-font-family: Times New Roman; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><FONT FACE="Verdana">RTO
            West</FONT></SPAN></B></FONT></LI>
        </UL>
        <P><IMG BORDER="0" SRC="http://www.pmaconference.com/imagesemail/id000013/ustran1.gif" WIDTH="585" HEIGHT="19"></P>
        <UL>
          <LI>
            <P ALIGN="left"><FONT FACE="Verdana" SIZE="2" COLOR="#000000">History of
            <B> FERC</B> RTO
  Activities <o:p>
            &nbsp;</FONT></LI>
          <LI>
            <P ALIGN="left"><FONT FACE="Verdana" SIZE="2" COLOR="#000000">Analysis of
            <B> Southeastern RTO</B> Mediation
  Report</FONT></LI>
          <LI>
            <P ALIGN="left"><FONT FACE=!
"Verdana" SIZE="2" COLOR="#000000">Analysis of
            <B> Northeastern RTO </B> Mediation
  Report <o:p>
  </o:p></FONT></LI>
          <LI>
            <P ALIGN="left"><FONT FACE="Verdana" SIZE="2" COLOR="#000000">Update on RTOs -
            <B> Alliance and Midwest</B> <o:p>
  </o:p></FONT></LI>
          <LI>
            <P ALIGN="left"><FONT FACE="Verdana" SIZE="2" COLOR="#000000">Update on
            <B> TransCos - ITC</B>, <B>TransLink</B>, and <B>
  WestConnect</B></FONT><B><SPAN STYLE="font-family:Arial;mso-bidi-font-family:
&quot;Times New Roman&quot;"><FONT COLOR="#000000"><o:p>
  </FONT>
  </SPAN></B></LI>
        </UL>
      </TD>
    </TR>
    <TR>
      <TD>
        <P ALIGN="center"><A HREF="http:/www.pmaconference.com/transinfo.pdf"><FONT FACE="Verdana" SIZE="2"><B>Click
        Here to Download Ordering Information, a Complete Table of Contents and
        a Free Issue of Wheeling &amp; Transmission Monthly</B></FONT></A></TD>
    </TR>
  </TABLE>
  <!
/CENTER>
</DIV>

</BODY>

</HTML>