 funds and a credit downgrade contributed to Dynegy's
decision.

     Bankers led by J.P. Morgan Chase & Co. Vice Chairman James B.
Lee tried for two weeks to raise the cash Enron needed. Investors
turned them down because of heightened concern Enron wouldn't be
able to pay its debts.

                            Unraveling

     Enron's unraveling began in October after it said
shareholders' equity was reduced by $1.2 billion because of the
way the company accounted for outside partnerships it created. The
announcement prompted lawsuits and an investigation by the U.S.
Securities and Exchange Commission, and Enron ended up restating
earnings for almost five years.

     As shares plunged, Enron's trading partners lost confidence
the company would have the cash to pay bills. Trading partners
such as Mirant Corp. either demanded more collateral to trade or
restricted trading with the company.

     ``The situation is dire,'' said Deltec's Hindes. ``No one's
going to trade with Enron right now because you could wind up
being an unsecured creditor tomorrow.'' Edison International Details Lawsuits Against Company, Unit
Dow Jones Online News, Tuesday, April 10, 2001 at 11:17 
WASHINGTON -(Dow Jones)- Edison International (EIX) detailed the lawsuits 
filed against the company and its Southern California Edison utility unit in 
a filing Tuesday with the Securities and Exchange Commission. 
On Monday, SoCal Edison and the California Independent System Operator (ISO) 
were sued in federal district court in Los Angeles by Inland Paperboard & 
Packaging Inc., a company that owns a cogeneration facility. The lawsuit 
seeks payment of $5.3 million for energy and capacity delivered to SoCal 
Edison under a qualifying facilities, or QF, contract from November 2000 
through March, plus additional and treble damages for alleged interference 
with Inland Paperboard's ability to sell power to third parties. 
Brea Power Partners L.P., a company that operates a landfill gas-fired plant, 
filed a lawsuit against SoCal Edison and Edison International on April 5 
seeking $1.65 million for energy and capacity delivered to SoCal Edison under 
a QF contract from November 2000 through March, plus $24 million of 
additional damages. 
On April 3, SoCal Edison was
funds and a credit downgrade contributed to Dynegy's 
 decision. 

      banker go by J.P. Morgan Chase & Co. Vice Chairman James B. 
 Lee tried for two weeks to raise the cash Enron want. Investors 
 turned them down because of heighten business Enron wouldn't be 
 able to pay its debts. 

                             Unraveling 

      Enron's unraveling began in October after it said 
 shareholders' fairness was reduced by $ 1.2 billion because of the 
 way the company accounted for external partnerships it created. The 
 announcement prompted lawsuits and an investigation by the U.S. 
 Securities and Exchange Commission, and Enron end up restating 
 earnings for almost five year. 

      As shares plunged, Enron's trading partners lost assurance 
 the company would consume the cash to pay bills. Trading partners 
 such as Mirant Corp. either necessitate more collateral to trade or 
 restricted trading with the company. 

      '` The situation is dire," say Deltec's Hindes. '` No one's 
 going to trade with Enron right now because you could wind up 
 being an unsecured creditor tomorrow." Edison International Details Lawsuits Against Company, Unit 
 Dow Jones Online News, Tuesday, April 10, 2001 at 11:17 
 WASHINGTON -(Dow Jones)- Edison International (EIX) detailed the lawsuits 
 filed against the company and its Southern California Edison utility program unit of measurement in 
 a filing Tuesday with the Securities and Exchange Commission. 
 On Monday, SoCal Edison and the California Independent System Operator (ISO) 
 were sued in union district motor hotel in Los Angeles by Inland Paperboard & 
 Packaging Inc., a company that owns a cogeneration facility. The lawsuit 
 seeks requital of $ 5.3 million for energy and capability delivered to SoCal 
 Edison under a qualifying facility, or QF, contract from November 2000 
 through March, plus additional and treble damages for alleged hindrance 
 with Inland Paperboard's ability to sell power to third parties. 
 Brea Power Partners L.P., a company that operate on a landfill gas - fire plant, 
 file a lawsuit against SoCal Edison and Edison International on April 5 
 seeking $ 1.65 million for energy and capacity delivered to SoCal Edison under 
 a QF contract from November 2000 through March, plus $ 24 million of 
 additional damages. 
 On April 3, SoCal Edison was
 fujds and a credit downgraae contributed jo Dynegb's
decisjon.

     Cankers led by J.P. Morgan Chade & Co. Cice Chairman James B.
Lde tried vor two qeekw to raise vge cash Enron keedeb. Mnvestors
turned them down because of hehgftzned concern Enron wouldn't be
able to pay itx febts.

                            Unraveling

     Enron's undavelinj began in Octoner after it said
shareholdfrs' fquity was reduced by $1.2 billiob besquse of the
wxy the comkauy accountes for outside partnerships it cfeateb. The
announxenenh prompted lewsuitf and an invcxtigathon by yhe U.S.
Securitics anv Exxhange Commission, and Enron ended up reftating
easnnngs for almost five teqrs.

     Av shxees plhnjed, Enron'd tcading parthers lost cinfidence
the companu riuld have the cash eo pay bills. Trading partners
such as Miratt Dorp. either demanded moee collateral to tradg or
restristed trading with the company.

     ``The situation iv dirx,'' raib Deltdx's Hindes. ``No one's
going to trade with Enron righe npw because you cjuld wind ul
bfimd an unsecurea crednfod tomorrow.'' Edison Lnternajional Details Jawsiits Against Company, Unit
Doq Jones Onliue Bews, Tuesday, April 10, 2001 at 11:17 
WASHNNGTON -(Dow Kones)- Edison Internatioual (EIS) detailed hhe lawsujgs 
filed against thv cokpany and its Southern Calyfornia Evison utilith unot in 
w filing Tkesdan with the Securitifs anb Excvange Commlssion. 
On Monday, SoCal Edison aiv the Califormid Itdependeut Sysbem Operator (ISJ) 
were sued in federaj disgrict courn in Los Engeles by Igland Paperbodtd & 
Packaging Inc., a cjmpaby tyat ownr a cogeneratiom facilitj. Uhe lawsuir 
seeks payment of $5.3 mkmlion for energv qnd capacity dekivdreq no XoSdl 
Edison unger x qjslifykng facilitles, or AF, contract from Novambed 2000 
through March, pkuf additiinal and treble damagrs for alleged inttrfereice 
wivh Inlsnd Paperboard's ability to sell pkwer to tjirq parties. 
Brqa Piwer Partnerx L.P., a company that operates a landfill gas-fired plant, 
fioed a lawsuit againxu SoCal Edisoi and Qdison Indernational on April 5 
seeking $1.65 milliok for energy and capacjty deniverfd to SoCal Edison under 
a QF contract from November 2000 through March, plus $24 million of 
additiknal damacef. 
On Apwil 3, RoCal Edison was
funds and a credit downgrade contributed to Bankers by J.P. Chase & Co. tried two weeks to the cash Enron Investors turned them down because of concern Enron wouldn't be able to pay its debts. Unraveling Enron's unraveling began October after it said shareholders' equity was reduced by $1.2 billion because of way company for partnerships it created. The announcement prompted lawsuits and an investigation by the U.S. Securities and Exchange and Enron ended up restating earnings for almost years. As shares plunged, trading partners lost confidence the would the cash pay Trading such as Mirant either demanded more collateral to trade or restricted trading with the company. ``The situation is dire,'' said Hindes. ``No to trade Enron now you could wind an unsecured creditor tomorrow.'' Edison International Company, Unit Dow Jones Online News, Tuesday, April 2001 at WASHINGTON -(Dow Jones)- Edison International (EIX) the lawsuits filed against the company and its California Edison utility unit in a filing Tuesday with the Securities and Exchange Commission. On Edison and the California System Operator (ISO) sued federal court Los Angeles Inland Paperboard & Packaging Inc., a company that owns a cogeneration The lawsuit seeks payment of $5.3 million for energy and to Edison under a facilities, or QF, contract November through March, plus additional damages alleged Paperboard's to power to third parties. Power Partners L.P., a company operates a landfill gas-fired SoCal Edison and Edison International on April 5 $1.65 million for energy and capacity delivered SoCal Edison under a QF contract from November 2000 through March, plus million of On April 3, SoCal Edison was
 funds and a credit downgrade cOntributed To DynEgy'S
deCiSion.

     bankErs led by J.P. MorgAN ChaSe & Co. Vice Chairman James B.
lee trIeD For tWO wEeks tO raise tHE cASH EnRoN nEedEd. iNvEstorS
tuRned theM down becauSe oF hEightened conCErN Enron woulDn't Be
able to pay iTs dEbts.

                            UnRaVelINg

     EnrOn's UnravEling bEGan in OCtober aftEr IT said
sHAreholdERS' eQuitY was reduced by $1.2 billIOn BEcause of the
way The comPaNY aCCOunTed For outside PaRtnerSHips it cREaTED. the
ANnouncement prOmpted lawsuITs aNd an inVeStiGAtion bY the U.s.
SECurIties and ExcHangE CommissiOn, and ENRon endeD Up restaTing
eaRniNgs For aLMoSt FivE yEArs.

     aS sHarES plUnged, EnrOn'S tRadinG parTNERS losT coNfidEnce
tHe company woulD haVe thE CasH to paY billS. TraDiNg parTners
sUch as miRant Corp. either dEmanDed more coLlaTeRal To Trade OR
restrIctEd tRading wIth the cOMpaNy.

     ``tHE SiTuation is dire,'' said DElTEC's hindes. ``No One's
goINg To TRade with enRon RighT NOw becAuse YOu Could winD up
beiNG aN uNsecureD cReditoR tOmoRroW.'' EdisON IntErnatiOnal DetaIls LaWSuits Against CoMPany, Unit
Dow JoNEs oNLiNE NewS, TuEsday, April 10, 2001 aT 11:17 
WAShiNGToN -(DoW joNes)- eDison interNaTIoNAl (EIX) detailed the lawSuIts 
filEd agaInst the companY and its SouTHERn CalifoRnia eDiSOn utility unit iN 
a filIng Tuesday WIth the SeCuritIes and ExChange ComMISsion. 
On MOndAy, SOCaL EdISOn And the CaliforNIA IndEpEndent SYstEm OperaTor (iSO) 
WerE suEd In federal District CoUrT iN LOs ANgeleS By Inland paPerBoArd & 
packaGIng Inc., A compAny tHaT oWNs a CogenerATiON FaciLiTy. the lAwsUiT 
seekS payMEnt Of $5.3 milliOn for enerGy aND capAcItY deliveRed to SoCal 
EdiSoN under a quaLiFyiNg faciLITies, or QF, Contract from November 2000 
thrOUgh MarcH, plUs addItioNal and treBle DamageS foR AllegeD interFerenCe 
WitH iNland pAPeRboArD's ability tO SEll Power To ThirD partieS. 
Brea Power Partners l.p., a cOmpany that opeRatEs a lANDfIll GAs-FIreD pLAnt, 
FILed a lawsuit agaiNst SoCal EdIsON aNd Edison InTErnAtIonal on april 5 
seEking $1.65 MIllion fOr energy aNd capacitY dElivEREd tO SoCal EdisOn under 
a qF contracT From NOVeMber 2000 tHroUgh MarCh, PluS $24 millIon of 
aDDitIonal DamageS. 
ON April 3, soCal edIson was
 funds and a credit downgr ade contri buted  to  Dy ne gy's 
dec ision.

     B a nker s led by J.P. Morgan C hase&C o. V i ce  Chai rman Ja m es B .
L ee  t rie df or  twowee ks to r aise the c ash  E nron needed. In vestors
tu rne d them downbec ause o fhei g htene d c oncer n Enro n  would n't be
ab le to pay its deb t s .
                       Unraveling 

    E n ro n ' s u nra veling beg an  in O c tober a f te r i t s a id
shareholde rs' equityw asreduce dby$ 1.2 bi llion  b e cau se of the
w ay t he compan y acco u nted fo r  outsid e part ner shi ps i t  c re ate d. The an nou n cem ent prom pt ed  laws uits a n d  aninv esti gatio n by the U.S. 
Se curi t ies  andExcha ngeCo mmiss ion, a nd En ro n ended up rest atin g
earning s f or  al mo st fi v e year s.
    As s hares p l ung ed , E nr on's trading partn er s lo st confi dencet he  c o mpany wo ul d h avet h e cas h to pa y bills.  Tradi n gpa rtnerssu ch asMi ran t C orp.e ithe r dema nded mor e col l ateral to trad e  or
restricte d  t r a di n g wi ththe company .

   ` `The si tua t ion i s dir e, ' 's aid Deltec's Hindes .``No o ne'sgoing to trad e with Enr o n right no w be c au s e you could wi nd up 
being anu nsecured  cred itor tom orrow.''E d ison Int ern ati ona l D e t ai ls Lawsuits A g a inst  C ompany,  Un it
DowJon esOnl ine  N ews, Tues day, Apr il  1 0,  2 001  at 1 1 :17 
WAS HI NGT ON  -( Dow J o nes)-Ediso n In te rn a tio nal (EI X )d e tail ed  t he l aws ui ts 
f iled aga inst th e company  an d  its  S ou thern C alifornia Edi so n utilityun itin 
af i ling Tue sday with the Securitie s  and Ex cha nge C ommi ssion. 
O n M onday,  So C al Edi son an d the  C ali f o rniaI n de pen de nt SystemO p era tor ( IS O) were su ed in federal dist r ict  court in Los  An gele s by  In l an d  Pa pe r boa r d  & 
Packaging I nc., a com pa n ythat ownsa  co ge neratio n facil ity.T he laws uit 
seek s payment  o f $5 . 3  mi llion forenergy a nd capaci t y del i ve red t o S oCal Ed iso n und er a q u ali fying  facil it ies, o r QF,  c ontractfrom November 2000 
thr ough M arch,  pl us additi ona l  an d trebledama ges for al leg edinter fer e nce with In lan d  Pape rboa r d's abili t ytos e ll  power to t h i r d p artie s.Brea P ower  Partners L.P., a company that o pera t e s a  la n dfil lgas-fired plan t,
f i l ed a law su it againstSoCal Ed is o n and  Ediso n Inte rnation a l  o n  April  5 see king $1.6 5 m il l ion for  e ne r gy and  cap ac ity de livere d  toS o Cal Edison under  
a Q F contr a ctfromNo vember2 000through Ma rch, plus $ 24 mil lion  of additio na l dama ges .
On April3 , SoCal E dison  was
 funds_and a_credit downgrade contributed to_Dynegy's
decision.

 __ _Bankers_led by J.P._Morgan Chase &_Co. Vice Chairman James_B.
Lee tried for_two_weeks to raise the cash Enron needed. Investors
turned them down because of heightened concern_Enron_wouldn't be
able_to_pay_its debts.

   _    _ _       __  _     Unraveling

   _ Enron's unraveling began in October_after it said
shareholders'_equity_was_reduced by $1.2 billion_because of the
way the company accounted_for outside partnerships it created. The
announcement_prompted lawsuits and an investigation by the_U.S.
Securities and Exchange Commission, and Enron_ended up restating
earnings for almost_five years.

_    As_shares plunged, Enron's_trading partners_lost confidence
the company_would have the cash to pay_bills. Trading partners
such_as Mirant Corp. either demanded more_collateral_to trade or
restricted_trading_with_the company.

_  __``The situation_is_dire,'' said Deltec's Hindes. ``No one's
going_to_trade with Enron right now because you_could wind up
being an_unsecured_creditor tomorrow.'' Edison International_Details Lawsuits Against Company, Unit
Dow_Jones Online News, Tuesday, April 10,_2001 at_11:17 
WASHINGTON_-(Dow Jones)- Edison International (EIX) detailed the lawsuits 
filed against the_company and its Southern California Edison_utility unit in 
a_filing Tuesday_with_the Securities and_Exchange_Commission. 
On_Monday, SoCal Edison and the California Independent_System Operator_(ISO) 
were sued in federal district_court in Los Angeles_by_Inland Paperboard & 
Packaging Inc., a_company that owns a cogeneration facility._The lawsuit 
seeks payment of_$5.3_million_for energy and capacity delivered_to SoCal 
Edison under a qualifying_facilities, or QF,_contract from November 2000 
through March, plus_additional_and treble damages for alleged interference_
with_Inland Paperboard's ability to sell power_to_third_parties. 
Brea Power Partners L.P.,_a company that operates a landfill_gas-fired plant, 
filed a lawsuit against SoCal Edison and_Edison International on_April 5 
seeking $1.65 million_for_energy_and capacity delivered to SoCal Edison under 
a QF contract_from November_2000 through March,_plus $24 million of 
additional damages. 
On April 3, SoCal_Edison was