The information contained in this e-mail message and any accompanying 
documents is subject to the attorney-client privilege and/or the attorney 
work product rule and is confidential business information intended only for 
the use of the individual or entity named above.  If the reader of this 
message is not the intended recipient or representative of the recipient, you 
are hereby notified that any dissemination of this communication is strictly 
prohibited.  If you have received this communication in error, please notify 
the Systems Administrator at admin@pkns.com and immediately delete this 
message from your system.
Received: from dc_ex.crai.com ([65.198.98.11]) by PKNS.COM; Wed, 06 Jun 2001 
04:51:29 -0700
Received: by dc_ex with Internet Mail Service (5.5.2653.19) id <LWNK4CLF>; 
Wed, 6 Jun 2001 07:53:08 -0400
Message-ID: <4F9975895929D1119D9E00A0C965647F01B2C980@dc_ex>
From: "Acton, Jan" <JActon@crai.com>
To: "'gfergus@brobeck.com'" <gfergus@brobeck.com>, "'mlk@pkns.com'"  
<mlk@pkns.com>, "'breasoner@gibbs-bruns.com'"  <breasoner@gibbs-bruns.com>
Cc: "Spann, Bob" <BSpann@crai.com>, "Savage, Timothy" <TSavage@crai.com>,  
"Riker, David" <DRiker@crai.com>
Subject: DOJ Investigations of Williams and AES
Date: Wed, 6 Jun 2001 07:53:00 -0400
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: text/plain

Today's Washington Post and Wall Street Journal report that in filings to
the SEC, AES has advised that it and Wiliams are being investigated for
price manipulation by the Department of Justice for alleged withholding of
output in April and May 2000.

This is not a surprise to me, but I had not seen a formal announcement
before.

The Post notes the relationship to the $8 million fine that Williams paid to
settle the FERC complaint.

I have not yet read the SEC filing.

Jan Paul Acton
Vice President
Charles River Associates
1201 F St., NW, Suite 700
Washington, DC 20004-1204
Voice: (202) 662 3902
Fax: (202) 662 3910

****************************************************************************
*****
This electronic message contains information from the consulting firm of
Charles River Associates Inc., which may be confidential or privileged.  The
information is intended for the use of the individual or entity named above.
If you are not the intended recipient, be aware that any disclosure,
copying, distribution or use of the contents of this information is
prohibited.  If you have received this electronic transmission in error,
please notify us by telephone (617 425-3582) or by e-mail
(postmaster@crai.com) immediately.
****************************************************************************
*****