fw csfb independent power weekly issue 30 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 11 2001 6 26 undisclosed recipients enron subject csfb independent power weekly issue 30 good morning attached please find latest issue independent power weekly summary 1 ipps fall 6 9 last week saw continued lackluster performance independent power producers composite fell 6 9 underperforming nasdaq 3 1 2 soft spot power market conditions across much us 3 power markets recover friday importantly friday 6 8 regions across us experienced significant upturn power pricing forecasts calling hotter weather trades monday delivery took place friday saw price increases 10 25 average eastern central regions western region prices spiked 40 50 price increases prove sustainable would expect see meaningful improvement investor sentiment 4 eix bankruptcy implications ipps recently increasing speculation chapter 11 bankruptcy filing southern california edison utility subsidiary edison international could imminent thought would timely analyze implications sce bankruptcy ipps overall conclusion sce bankruptcy would neutral sector event would impact earnings estimates forecasted growth rates companies coverage addition none companies direct receivables exposure sce finally believe reserves taken accounts receivable balances caliso px across sector adequately mitigate exposure potential bad debt writedowns 5 looking ahead orn analyst meeting tuesday 6 12 orion power host first major analyst meeting since november 2000 ipo beyond giving detailed review business expect management discuss prospect future acquisitions recently management indicated evaluating number potential transactions located primarily southeast also expect company provide detailed regulatory update key markets pjm ny finally expect management reaffirm prior guidance 2001 1 15 per share believe orn exposure new york city market offers meaningful upside potential believe company continue conservative stance year 2001 2002 eps estimates orn remain 1 20 1 60 target price 38 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 61101 pdf