rab graph believe helpful analysis forwarded michael anderson hou azurix 08 22 2000 08 35 keith harris wsx azurix exchange 08 03 2000 01 40 pm gdt michael anderson hou azurix azurix cc colin skellett wsx azurix exchange subject fw amended index graph michael got csfb working amendment asked meantime produced graph shows indices market values water companies rab industry since privatisation following points come 1 market values overtime 1 1 x rab 2 result significantly skewed period mid 1997 end 1998 ratio cl 5 x 3 premium rab found time political uncertainty removed companies able outperform regulatory deal significantly days gone fact witnessed decline share prices last year note graph produced weighted average water companies whereas figures yesterday rab market value ratio straight average obviously influences numbers little customerco csfb contacted around 7 energy companies result positive prepared enter journal exercise await revised fee proposal csfb advised modest last one keith original message david kitchener sent 03 august 2000 13 27 keith harris subject amended index graph