text_combined: ene detailed lq earnings analysis following conf call reiterat e lh rating ene detailed lq earnings analysis following conf call reiterate lh rating ene reported lq 01 eps 0 47 vs 0 40 last year consensus estimates 0 43 0 45 respectively raised 2001 est 1 80 based confidence continued strong growth wholesale segment well incremental contribution retail energy company raised 2001 guidance 0 05 1 75 1 80 highlights merchant energy wholesale volumes 65 ahead 40 50 expectation driven growing need intermediation services continuing impact enrononline segment ibit 76 higher unit margins reflecting volatility running twice last year level calculation expect full year 2001 volatility match 2000 level bandwidth trading deals getting done expectations 580 transactions lqol vs 232 4 q 00 320 full year 2000 results include reserve 580 receivables owed pcg calif raymond c niles power natural gas research salomon smith barney 212 816 2807 ray niles ssmb com ene lqol detailed 4 17 01 doc ene lqol detailed 4 17 01 pdf