Message-ID: <28470400.1075859049448.JavaMail.evans@thyme>
Date: Fri, 13 Jul 2001 13:40:47 -0700 (PDT)
From: valerie_giles@pgn.com
To: tracy.geaccone@enron.com
Subject: PGG Q2 Variance
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Portland General Group variance for Q2 2001 vs Q2 2000
 
IBIT was basically flat, reflecting only a $2.6 million increase over the prior year quarter.  The main drivers were increased gross margin due to wholesale sales at a higher price, offset by increased expenses (plant maintenance costs, energy efficiency expenditures, MMF Q1 catch-up, Power Cost Adjustment and GATX leasing portfolio termination fee).