Rick:
(cc: Jim)

Will do. I'll send you the article (by an academic who works with us
occasionally) and a short summary of why I think it might be relevant to
your current merger issues.

Speak to you soon.


Seab


This e-mail, and any attachments thereto, is intended only for use by the
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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


-----Original Message-----
From: Shapiro, Richard [mailto:Richard.Shapiro@ENRON.com]
Sent: Tuesday, November 20, 2001 12:12 PM
To: seabron.adamson@frontier-economics.com; Steffes, James D.
Subject: RE: Merger analysis


Please send it...I'm going to be intimately involved in the regulatory
approvals process. Thanks. I'll give you a call early next week to
discuss.

-----Original Message-----
From: Seabron Adamson [mailto:seabron.adamson@frontiereconomics.com]
Sent: Tuesday, November 20, 2001 11:14 AM
To: Steffes, James D.; Shapiro, Richard
Subject: Merger analysis



I realize both of you are probably crazy busy, but I thought I'd drop a
line. I hope everything is going OK during the upheaval.

I have a very good argument (and paper by an academic) to send you
regarding
market power analysis for the Enron-Dynegy merger approval process if
you
are involved in all of that. Seems like the FERC is going to be trying
very
hard to figure out how to do this.

All the best,

Seab



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
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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





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