Mark,

David Portz, Elizabeth Sager and I were looking at this slide and we're not 
so sure it's correct.  We think it should reflect two huge power price 
spikes, the recent ones of this year, and the big one of last year.  We don't 
think the attached slide correctly reflects the two price spikes.  Can you 
take a look at it and get back to me...thanks for your help!
---------------------- Forwarded by Tana Jones/HOU/ECT on 09/14/99 04:49 PM 
---------------------------
   
	Enron North America Corp.
	
	From:  David Portz                           09/14/99 04:34 PM
	

To: Tana Jones/HOU/ECT@ECT
cc: Elizabeth Sager/HOU/ECT@ECT 
Subject: Price Volatility Graph

forwarding graph received earlier this week...
---------------------- Forwarded by David Portz/HOU/ECT on 09/14/99 03:55 PM 
---------------------------
From: Sayed Khoja on 09/10/99 01:47 PM
To: David Portz/HOU/ECT@ECT
cc: Mark Frank/HOU/ECT@ECT 
Subject: Price Volatility Graph

David,

Attached is the graph I mentioned in my voice mail.  Please let me know if 
you need anything else.

Sayed