Perspective on FERC Regulatory Action Client Conference Call
TODAY, Tuesday, June 19th
2:00pm EDT

Host:		Ray Niles, Power/Natural Gas Analyst
Speaker:	Steve Bergstrom, President & COO of Dynegy

Steve Bergstrom, President and Chief Operating Officer of Dynegy, will join
us at 2:00 p.m. today for a conference call discussion of the recent FERC
action imposing price controls in the West.  The discussion will be followed
by Q&A.

Questions to be explored include:

What are the implications of the FERC action, for DYN and the industry as a
whole?
What is the earnings impact?
What are the risks of further re-regulation?

and whatever else is on your minds

We attach two recent notes on the FERC action for your reference.

Call In				Replay				Reservation
800-229-0281 US			800-642-1687 US			1073259
706-645-9237 Int'l			706-645-9291 Int'l
replay until 6/22, 11:59pm

Raymond C. Niles
Power/Natural Gas Research
Salomon Smith Barney
(212) 816-2807
ray.niles@ssmb.com

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