text_combined: fw csfb independent power weekly issue 31 original message sifert bryan enron mailto imceanotes 22 sifert 2 c 20 bryan 22 20 3 cbryan 2 esifert 40 csfb 2 ecom 3 e 40 enron enron com behalf stein neil sent monday june 18 2001 6 11 undisclosed recipients enron subject csfb independent power weekly issue 31 good morning attached please find latest issue independent power weekly summary 1 ipps fall 5 1 last week ipp composite fell 5 1 outperforming nasdaq 8 1 lagging behind 2 extend floating caps western states 3 minimal impact ipps believe expansion ferc current market mitigation plan immaterial impact independent power producers california exposure aes cpn mir nrg rri reasons follows 1 bulk capacity sold forward 2 ferc methodology benign 3 valuations already reflect political uncertainty normalized power prices 4 nrg hosts conference call friday 6 15 nrg hosted conference call address investor concerns surrounding near term equity needs pending acquisitions recent regulatory developments call management noted 1 barring major acquisition issue equity near term 2 nrg pending acquisition 1 767 mw generation capacity conectiv close june 30 3 expansion ferc western market mitigation measures impact nrg performance also call management reaffirmed previous 2001 eps guidance 1 35 trading 13 2 times 2002 estimate versus group average 16 1 times nrg represents best relative value ipp group believe discount unwarranted reiterate buy rating 37 price target 5 review orn analyst conference tuesday 6 12 orion power hosted first major investor conference baltimore maryland meeting featured presentations 10 senior managers believe investors previously aware full breadth depth management team major announcements made meeting served confirm orn track achieve strategic growth objectives 6 coverage geg initiated buy rating june 11 2001 csfb initiated global power equipment group geg buy rating twelve month price target 42 co cover geg john mcginty csfb machinery analyst regards neil stein 212 325 4217 bryan sifert 212 325 3906 message named person use may contain confidential proprietary legally privileged information confidentiality privilege waived lost mistransmission receive message error please immediately delete copies system destroy hard copies notify sender must directly indirectly use disclose distribute print copy part message intended recipient credit suisse group subsidiaries reserve right monitor e mail communications networks views expressed message individual sender except message states otherwise sender authorised state views entity unless otherwise stated pricing information given message indicative subject change constitute offer deal price quoted reference terms executed transactions treated preliminary subject formal written confirmation ipwo 61801 pdf