fw csfb independent power weekly notes eei included original message stein neil mailto neil stein csfb com sent monday november 05 2001 7 24 undisclosed recipients subject csfb independent power weekly notes eei included good morning attached please find latest issue independent power weekly summary 1 ipps fall 3 7 last week ipp composite declined 3 7 underperforming 2 development activity slowing value driven 3 enron exposure 4 prevailing mood eei uncertainty versus last year conference prevailing mood eei one uncertainty given developments equity market commodity market regulatory arenas investor concern surprising however remain positive prospects owners developers power generation assets 2 reasons 1 long term industry fundamentals remain intact 2 current concerns discounted ipps trading 20 private market value 5 selectivity important focus major ipps highlighting cpn mir nrg continue highlight calpine cpn strong buy mirant mir buy nrg energy nrg buy owing combination geographic diversification large scale operations substantial hedging analysis indicates companies best positioned deliver sustainable earnings growth face volatile power market conditions believe current environment serve catalyst differentiate companies peers 6 debt market update last week enron remained focus debt investor attention fueling high level trading activity ipps credit spreads continue negatively influenced concerns regarding exposure enron regards neil stein 212 325 4217 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