Attached is a draft response to the economics arguments made by the 
Electricity Oversight Board.  Please let me know if you have any problems 
with these.  These arguments need a little wordsmithing but they are sound.
---------------------- Forwarded by Mary Hain/HOU/ECT on 09/14/2000 10:31 AM 
---------------------------
   
	Enron Capital & Trade Resources Corp.
	
	From:  "Seabron Adamson" <seabron.adamson@frontier-economics.com>             
              09/14/2000 10:11 AM
	

To: <mhenry@bracepatt.com>, <rcarroll@bracepatt.com>
cc: <mary.hain@enron.com> 
Subject: Material for EOB pleading



Please see attached. If you have any question please phone me on the number
below. You can also try my cellphone 513-5904.




This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(617) 354-0060 and permanently delete the original and any copy of any
e-mail and any printout thereof.


Seabron Adamson
Frontier Economics Inc
Two Brattle Square
Cambridge, MA 02138 USA
Ph:  (617) 354-0060
Fax: (617) 354-0640
seabron.adamson@frontier-economics.com

www.frontier-economics.com

 - 00-09-13 SA Material for EOB pleading.doc