----- Forwarded by Jeff Dasovich/NA/Enron on 03/06/2001 08:06 PM -----

	"Katie Kaplan" <kaplan@iepa.com>
	03/06/2001 07:41 PM
		 
		 To: "'Alex Sugaoka (E-mail)'" <alex.sugaoka@uaecorp.com>, "'Bill Carlson 
(E-mail)'" <william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'" 
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob 
Escalante (E-mail)'" <rescalante@riobravo-gm.com>, "'Bob Gates (E-mail)'" 
<bob.gates@enron.com>, "'Carolyn A Baker (E-mail)'" 
<cabaker@duke-energy.com>, "'Cody Carter (E-mail)'" 
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'" 
<Curt.Hatton@gen.pge.com>, "'Curtis Kebler (E-mail)'" 
<curtis_l_kebler@reliantenergy.com>, "'David Parquet'" 
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<paula.hall-collins@williams.com>, "'Richard Hyde (E-mail)'" 
<rwhyde@duke-energy.com>, "'Theo Pahos (E-mail)'" <tpahos@ppallc.com>, "'Tom 
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		 Subject: FYI_____ISO announces  Market Stabilization Proposal

Greetings:
The ISO will be holding a conference call to discuss a Market Stabilization
Plan on Friday at 10:00 a.m. PST. They will be releasing the plan tomorrow
by COB (midnight) and IEP will review it ASAP.  We will also participate in
the Conference Call on Friday and let everyone know what is going on.  We'll
keep you posted....

Katie Kaplan
Manager of State Policy Affairs
Independent Energy Producers Association
(916) 448-9499

-----Original Message-----
From: Woertz, Byron [mailto:BWoertz@caiso.com]
Sent: Tuesday, March 06, 2001 4:43 PM
To: ISO Market Participants
Subject: CAISO Notice - Market Stabilization Proposal - Conference Call

                ISO Market Participants:
                The ISO has developed a market stabilization plan, designed
to stabilize operations and control costs in California, to be implemented
in the next two months.  It would remain in place for the near term (through
Summer, 2001 and beyond) and includes changes to existing ISO practices as
well as an expansion of the ISO's responsibilities.  Because of the need to
move quickly so that the plan can be implemented by this summer, we will be
unable to hold a full stakeholder review process.  But, we do want to
discuss the plan with you so that you can understand the proposal and the
reasoning behind it.
                The ISO will post this plan on the ISO web site at
http://www.caiso.com/stakeholders/ <http://www.caiso.com/stakeholders/> , by
COB tomorrow.  In addition, we will host a conference call from 10:00 a.m.
to 2:00 p.m. PST this Friday, March 9, to discuss the plan with you and
clarify any outstanding issues.  We then plan to request the Board's
approval for this plan on March 15th in order to be able to implement the
plan by summer.
                The call in information is as follows:
                Market Stabilization Conference Call
                Friday, March 9, 10:00 a.m. - 2:00 p.m. PST
                Call-In Number:         877-381-6005
                Conference ID #:        760357
                Leader Name:    Byron Woertz
                Following the call, you may submit any comments on the plan
to us by close of business on Tuesday, March 13.  You may send your comments
to bwoertz@caiso.com.  We will do our best to summarize your comments and
present them to the Board at their March 15 meeting. In addition, there will
be a public comment period on the 15th.
                Please contact me if you have any further questions.
                Byron B. Woertz, Jr.
                Director, Client Relations
                (916) 608-7066