If anyone is interested, the call-in information is listed below in red
(thanks, Mary Sue, for the lead!)

---------------------- Forwarded by Jennifer Rudolph/HOU/EES on 05/16/2001 
09:11 AM ---------------------------


Mary Sue Rose
05/16/2001 09:06 AM
To: Jennifer Rudolph/HOU/EES@EES
cc:  
Subject: Teleconference:  CALIFORNIA POWER CRISIS UPDATE

FYI

Teleconference:

CALIFORNIA POWER CRISIS UPDATE
Wednesday, May 16, 2001
2:00PM (New York Time)


Dear Client:

Moody,s has scheduled a teleconference to discuss the California power 
crisis  including :  Moody,s  recent downgrade of  California,s General 
Obligation bond rating;  update on  the State,s  Power Purchase Revenue Bonds 
and the credit position of SCE and PGE.   Renee Boicourt, Managing Director, 
Public Finance Group and the lead credit analysts for California,  Ray Murphy 
and Tim Blake , AJ  Sabatelle, lead credit analyst for PGE and SCE and , Dan 
Aschenbach, Senior Vice President, Infrastruture Finance Group will 
participate in the call.

Key highlights of the discussion will include:

California Power Crisis Update
State of California General Obligation Credit Update
PGE and SCE credit update
State Power Purchase Revenue Bonds


The analysts will provide a 20-minute presentation and afterwards respond to 
questions from investors.

To participate in the teleconference, please dial in 5 minutes prior to the 
start of the call.

The dial in numbers are:

US & Canada: (888) 921-6949
Outside US:  (712)-271-3641
Password:  California


If you are unable to participate in the live call, a replay will be available 
through June 16, 2001 by dialing:
US & Canada: 800-944-3543
Outside US: 402-998-1738
(No password is necessary).

For more information, contact Jennifer Davis at 212-553-7905.