Message-ID: <16915864.1075856634094.JavaMail.evans@thyme> Date: Mon, 22 Jan 2001 01:09:00 -0800 (PST) From: j_martin@baylor.edu To: vkamins@enron.com Subject: Good morning Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "John D. Martin" X-To: vkamins@enron.com X-cc: X-bcc: X-Folder: \Vincent_Kaminski_Jun2001_5\Notes Folders\Universities X-Origin: Kaminski-V X-FileName: vkamins.nsf Vince, attached is a note written by a former PhD student of mine. He comments on the calif power problem and i thought you and others at Enron might enjoy his insights. john - California is worth 50 basis points.doc John D. Martin Carr P. Collins Chair in Finance Finance Department Baylor University PO Box 98004 Waco, TX 76798 254-710-4473 (Office) 254-710-1092 (Fax) J_Martin@Baylor.edu web: http://hsb.baylor.edu/html/martinj/home.html