Phillip -- Is the value axis on Sheet 2 of the "socalprices" spread sheet 
supposed to be in $?  If so, are they the right values (millions?) and where 
did they come from?  I can't relate them to the Sheet 1 spread sheet.

As I told Mike, we will file this out-of-time tomorrow as a supplement to our 
comments today along with a cover letter.  We have to fully understand the 
charts and how they are constructed, and we ran out of time today.  It's much 
better to file an out-of-time supplement to timely comments than to file the 
whole thing late, particuarly since this is apparently on such a fast track.

Thanks.


   
	
	
	From:  Phillip K Allen                           12/13/2000 03:04 PM
	

To: Christi L Nicolay/HOU/ECT@ECT, James D Steffes/NA/Enron@ENRON, Jeff 
Dasovich/NA/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT, 
pallen@enron.com, pkaufma@enron.com, Richard B Sanders/HOU/ECT@ECT, Richard 
Shapiro/NA/Enron@ENRON, Stephanie Miller/Corp/Enron@ENRON, Steven J 
Kean/NA/Enron@ENRON, Susan J Mara/NA/Enron@ENRON, Rebecca W 
Cantrell/HOU/ECT@ECT
cc:  
Subject: 

Attached  are two files that illustrate the following:

As prices rose, supply increased and demand decreased.  Now prices are 
beginning to fall in response these market responses.