fw csfb independent power weekly ipps rose 5 last week 7 private market value discount remains original message stein neil mailto neil stein csfb com sent monday november 19 2001 6 14 undisclosed recipients subject csfb independent power weekly ipps rose 5 last week 7 private market value discount remains good morning attached please find latest issue independent power weekly summary 1 ipps rise 5 0 last week ipp composite rose 5 0 outperforming p 500 1 6 nasdaq 3 8 aes corp aes 22 2 strongest generator group followed reliant resources rri rose 11 0 orion power orn weakest performer rising 1 2 2 generation oriented utilities fall 2 8 universe generation oriented utilities fell 2 8 line uty 2 5 black hills bkh cleco cnl constellation energy ceg rose less 1 allegheny energy weakest performer 7 6 3 ene dyn attractive valuations boost stock prices last week 3 rd consecutive week positive stock price performance group driving stock prices higher investors continued grow comfortable enron situation following confirmation dynegy intention acquire enron provide immediate liquidity support investing 1 5 billion believe group simply remains oversold pure play power producers trading 7 average discount private market asset values 4 notes mirant meeting mirant hosted upbeat analyst meeting last tuesday mir reiterated 80 2002 forecast supported earnings hedged generation natural gas franchise businesses distribution mir also provided depth review accounts risk management activities management noted could maintain credit rating without new equity issuance next 12 months however would eager access equity market conditions improve near term 5 power market update last week us power markets generally weak across country owing mild weather falling natural gas prices mirant national power index fell 17 1 last week natural gas week composite spot price fell 23 2 spark spreads improved northeast texas compressing california southeast 6 debt market update credit spreads tightened across sector last week due diminished ene concerns positive stock price performance regards neil stein 212 325 4217 message named person use may contain sensitive private proprietary legally privileged information confidentiality privilege waived lost mistransmission intended recipient 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 legal entity credit suisse first boston credit suisse asset management business units credit suisse first boston reserve right monitor e mail communications networks views expressed message individual sender except message states otherwise sender authorized state views entity unless otherwise stated pricing information give n message indicative ly subject change constitute offer deal price quoted reference terms executed transactions treated preliminary subject formal written confirmation