Greetings:

IEP has been responding all day to pres questions on the ISO report and 
filing at FERC. We issued the below statement and are also holding a press 
availability tomorrow at 1:00 p.m. Today,s television interviews have 
included, Fox, ABC and NBC.? Thank you to those of you who have forwarded 
your company positions to IEP and if you would like to include anything else 
additional please let me know and we will incorporate it into Jan,s 
responses.? In addition to the below points we have been indicating that 
people have been playing by the rules, timing is rather coincidental, 
economics don,t keep the lights on, and the alleged cost calculation the ISO 
has historically used do not include many fixed costs or real costs 
associated with running the units.? 

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Once again if you have any other thoughts please forward them to me.

Thanks!

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?FOR IMMEDIATE RELEASE
?March22, 2001



Statement by Jan Smutny-Jones,
Executive Director of Independent Energy Producers,
In Response to Report Issued by the Independent System Operator



???"More than ever, we?re looking forward to a fair and impartial hearing 
before the Federal Energy Regulatory Commission to deal with the ISO?s latest 
round of unsubstantiated charges.

???"Until then, what seems increasingly clear, is that the ISO?s real agenda 
is to get out of paying for power it?s already purchased and used by reneging 
on its obligations and changing the rules after the race is over.

???"Generators have been playing by the rules and have been offering to sell 
power at substantially lower long-term contract rates since last summer. ?Had 
the PUC allowed this, California wouldn?t be facing today?s energy crisis. ?

???"This latest attempt by the ISO to poison the atmosphere against the 
generators and use them as scapegoats is clearly more about politics than 
trying to solve the problem and keep the lights on in California."



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Katie Kaplan

Manager of State Policy Affairs

Independent Energy Producers Association

(916) 448-9499

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