Subject: correction - - conference call on tuesday , february 13 ( 800 - 229 - 028
1 )
ssb conference call
tuesday , february 13 , 2001
2 : 00 pm est
beyond california : the power however , the
markets foretell stronger prices across the country in 2001 .
we continue to recommend the power producers , based on both our power price
and spark spread analyses , which show strengthening spark spreads in the
united states , despite the record highs recently seen in the natural gas
markets . we highlight calpine , nrg energy , and mirant .
our volatility indices demonstrate a dramatic shift in historical volatility
to the western hubs and away from the midwestern markets of 1998 - 99 . we
expect volatility to persist in the west , likely accompanied by higher
volatility in the remainder of the country in 2001 . this benefits energy
merchants , and we highlight enron , dynegy , duke , and el paso .
dial in
800 - 229 - 0281 us
706 - 645 - 9237 intl
replay
800 - 642 - 1687 us
706 - 645 - 9291 intl
reservation 735670 ( replay until 2 / 15 )
hosted by :
raymond niles
director
power & natural gas research
salomon smith barney
212 - 816 - 2086
raymond c . niles
power / natural gas research
salomon smith barney
( 212 ) 816 - 2807
ray . niles @ ssmb . com
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