I think he was looking to make a sector-wide point.  For example, how much of 
the total market moved to wholesale traded volumes?  He wants to make the 
point that even a nontraded commodity - ie electricity in 1994 - can rapidly 
progress to a traded market - as electricity did between 94 and 00.  



	Margaret Carson
	09/21/2000 04:25 PM
		 
		 To: Steven J Kean/NA/Enron@Enron
		 cc: 
		 Subject: ELECTRICITY TRADED VOLUMES since 1994

Steve  I provided  Andy  West with  this  and the  35 percent  a year growth  
was compelling Marg.
---------------------- Forwarded by Margaret Carson/Corp/Enron on 09/21/2000 
04:18 PM ---------------------------
From: Simon Shih on 09/21/2000 03:44 PM
To: Andy West/NA/Enron@Enron
cc: Margaret Carson/Corp/Enron@ENRON 

Subject: