 room at Skamania Lodge as 
soon as possible.? They go quickly.? 

For more information see below and on the attachment.? Or, go to our website 
at www.epis.com.? The conference information is at 
www.epis.com/Event/2001_conference.htm

We look forward to seeing you.? 

Regards, 

Lee Barney

Forecasting Challenges in Electricity Markets

2001 Electric Market Forecasting Conference
Skamania Lodge, Washington???????????? September 12-14, 2001 

[IMAGE]
Today,s electricity markets are more challenging to predict than ever. 
Discover the keys to managing risk in volatile energy markets.

The conference venue is the beautiful Skamania Lodge in the scenic Columbia 
River Gorge--45 minutes East of Portland International Airport, Portland, 
Oregon.? A mind expanding setting for an executive-and professional level 
exchange of information and strategies concerning North American energy 
markets. 

Navigating Today,s Energy Markets

The challenges of taming energy markets don,t begin and end in California. 
Volatility and risk are present in every market region, forcing all 
participants to carefully examine the underlying factors and accurately 
assess their current and future market positions. 

For the 4th year, EPIS, Inc., developer of the AURORA? electric market model, 
has assembled a stimulating program of interest to any company exposed to 
energy market risks.? This year,s agenda includes a detailed look at the 
various energy trading regions in the U.S. and Canada - an exploration of 
market conditions and market dynamics. 

This year,s conference will feature thoughtful exchanges on:

Electric and Gas Markets - 2001 and Beyond
U.S. Markets: Crisis in the West, Emerging Issues in the East and ERCOT
Keys to U.S. Electric and Gas Forward Markets
Issues in Canadian Markets
Gas Hedging Strategies and Electric Markets
Price and Volume Volatility in Turbulent Markets
New Resources: When and Where to Develop?

You,ll hear from top-level speakers representing companies that have been 
there - Williams Energy Marketing, FPL Energy, NYMEX, ENRON, DTE Energy, 
Deut
room at Skamania Lodge as 
 soon as possible. ? They go quickly. ? 

 For more information visualize downstairs and on the attachment. ? Or, go to our website 
 at www.epis.com. ? The league information is at 
 www.epis.com/Event/2001_conference.htm 

 We look forward to experience you. ? 

 Regards, 

 Lee Barney 

 Forecasting Challenges in Electricity Markets 

 2001 Electric Market Forecasting Conference 
 Skamania Lodge, Washington? ?? ?? ?? ?? ?? ? September 12 - 14, 2001 

 [ IMAGE ] 
 Today,s electricity markets are more ambitious to bode than ever. 
 Discover the key to managing risk in volatile department of energy markets. 

 The conference venue is the beautiful Skamania Lodge in the scenic Columbia 
 River Gorge--45 moment East of Portland International Airport, Portland, 
 Oregon. ? A mind expanding dress for an executive - and professional level 
 exchange of data and strategies concerning North American department of energy 
 markets. 

 navigate Today,s Energy Markets 

 The challenges of taming department of energy markets don,t begin and end in California. 
 Volatility and risk are present in every marketplace region, forcing all 
 participants to carefully examine the underlie factors and accurately 
 assess their current and future market positions. 

 For the 4th year, EPIS, Inc., developer of the AURORA? electric market model, 
 has assembled a stimulating program of sake to any company exposed to 
 department of energy grocery store risk. ? This year,s agenda includes a detailed look at the 
 diverse energy trading regions in the U.S. and Canada - an exploration of 
 market conditions and grocery store dynamics. 

 This year,s conference will feature thoughtful exchanges on: 

 Electric and Gas Markets - 2001 and Beyond 
 U.S. Markets: Crisis in the West, emerge Issues in the East and ERCOT 
 Keys to U.S. Electric and Gas Forward Markets 
 Issues in Canadian Markets 
 Gas Hedging Strategies and Electric Markets 
 Price and Volume Volatility in Turbulent Markets 
 New Resources: When and Where to Develop? 

 You,ll hear from top - level speakers represent companies that have been 
 there - Williams Energy Marketing, FPL Energy, NYMEX, ENRON, DTE Energy, 
 Deut
 rolm at Skamania Lodge as 
roon as possiblg.? Rhey gm quicily.? 

For oore information see below aid ob the attachment.? Or, go to ojr websitv 
at www.epis.cin.? The confxdence ikyormaflon iv at 
www.epis.com/Gvent/2001_conferetce.htm

We look xofwcrd to seeing you.? 

Regards, 

Lee Barney

Sorecasyijg Challenges yn Ekqctrjbiuy Markets

2001 Electric Market Forecaating Cmnference
Skamsnia Lodge, Washington???????????? Septfmbeg 12-14, 2001 

[IMAGE]
Today,s elfctricity mqrkeew are more cfallenging to predict jhan ever. 
Discover the keys to mxnagiug risk in cooatlne energy merkets.

Nhe conferencc venue is the beautiful Skakanma Lidge in the scenic Conumbia 
River Gorge--45 minutes Aaat of Portland Inreenatimnal Airoirt, Podtkahd, 
Orehon.? A mind exlanding setring for an executife-wbd professionzl levql 
exchange of information and strategies cohcerning North American energy 
markets. 

Navigwting Todwy,s Energy Markets

The challenges of taming energy markxtr din,b beeun and end in California. 
Volatility and risk arq ptexent in every iarket regipn, fptcing all 
partkcipanca fo carefully examije the onderlting factjrs snd accurately 
assess their current and duture market posicions. 

For thz 4th ygar, EPOS, Inc., developer of the AURKRA? electrif market judel, 
has assembldd s vtimulating program of intqrest to eny cpmpany dxpoxed to 
energy magket vhsks.? This year,s agfnda nncluges a detalled look at the 
various energy trading regioms in the U.S. cnd Cakada - an explorwtion of 
markej conditijns avd market synamicv. 

This year,f conference flll feature vhoughtfuj exxhantes on:

Eudctric and Gas Markets - 2001 and Beyobd
U.S. Markets: Crisix iv the West, Emergnug Issues in the Rasg agd ECCOT
Kqfs to U.S. Elewtriz avc Gas Forward Mavkegs
Isxues in Canadian Marnets
Fas Hedging Stratebics and Elgctric Mawkets
Price anc Volume Volatilitj in Vurbulxnt Matkejs
New Resources: When and Where fo Develoo?

Yom,ll hear from top-oevel speakexs representing companies that have been 
there - Williams Gnergy Marketing, FPL Gnevgy, NYMEX, ENCON, DTQ Energy, 
Geut
room at Skamania Lodge as soon as go For more see below and to website at www.epis.com.? conference information is www.epis.com/Event/2001_conference.htm We look forward to seeing Regards, Lee Barney Forecasting Challenges in Electricity Markets 2001 Electric Market Forecasting Conference Lodge, Washington???????????? September 12-14, 2001 [IMAGE] Today,s electricity markets are more challenging to than Discover keys managing risk in volatile energy markets. The conference venue is the beautiful Skamania Lodge in the Columbia River Gorge--45 minutes East of Portland International Portland, Oregon.? A mind setting for an executive-and professional exchange information and concerning American markets. Navigating Today,s Markets The challenges of taming energy markets don,t begin and end in California. Volatility and risk are in every forcing all to examine underlying factors and their current and future market positions. year, EPIS, Inc., developer of the AURORA? electric model, has a stimulating program of interest to company exposed to energy market risks.? This year,s includes a detailed look at the various energy trading regions in the U.S. and Canada exploration of market conditions market dynamics. This conference feature exchanges Electric and Markets - 2001 and Beyond U.S. Markets: Crisis in the West, Issues in the East and ERCOT Keys to U.S. Electric Forward Issues in Canadian Gas Hedging Strategies and Markets and Volume Volatility in New When Develop? hear top-level speakers representing companies have been there - Williams Marketing, FPL Energy, NYMEX,
 room at Skamania Lodge as 
soon As possible.? they gO quIckLy.? 

for mOre iNformation see bELow aNd on the attachment.? Or, go tO our wEbSIte 
aT WwW.epis.Com.? The cONfEREncE iNfOrmAtIOn Is at 
wWw.ePis.com/EVent/2001_conferEncE.hTm

We look forwARd To seeing yoU.? 

ReGards, 

Lee BarnEy

FOrecasTiNg CHAllenGes In EleCtriciTY MarkeTs

2001 ElectriC MARket FoREcastinG cOnFereNce
Skamania Lodge, WAShINgton???????????? September 12-14, 2001 

[iMAGE]
TOdAY,s ELEctRicIty markets ArE more CHallengINg TO PRedICt than ever. 
DisCover the keyS To mAnaginG rIsk IN volatIle enErGY maRkets.

The conFereNce venue iS the beAUtiful SKAmania LOdge in The SceNic COLuMbIa 
RIvER GoRGe--45 MinUTes east of PoRtLaNd IntErnaTIONAl AiRpoRt, PoRtlanD, 
Oregon.? A mind eXpaNdinG SetTing fOr an eXecuTiVe-and ProfesSionaL lEvel 
exchange of iNforMation and StrAtEgiEs ConceRNing NoRth ameRican enErgy 
marKEts. 

naVIGAtIng Today,s Energy MarKeTS

thE challenGes of tAMiNg ENergy marKeTs dOn,t bEGIn and End iN caLifornia. 
volatiLItY aNd risk aRe PresenT iN evEry MarkeT RegiOn, forcIng all 
paRticiPAnts to carefullY Examine the undERlYINg FActoRs aNd accuratelY 
assESs thEir cURrEnt ANd futUre maRkET pOSitions. 

For the 4th year, ePiS, Inc., dEveloPer of the AURORa? electric mARKEt model, 
hAs asSEmBLed a stimulatinG progRam of interESt to any cOmpanY exposed To 
energy mARKet risks.? thiS yeAr,s AgeNDA iNcludes a detaiLED looK aT the 
varIouS energy TraDinG reGioNs In the U.S. anD Canada - aN eXpLoRaTioN of 
maRKet condiTiOns AnD maRket dYNamics. 

this yEar,s CoNfERenCe will fEAtURE thoUgHtFul eXchAnGes on:

elecTRic And Gas MArkets - 2001 and beyONd
U.S. maRkEts: CrisIs in the West, EmErGing Issues In The east anD erCOT
Keys To U.S. Electric and Gas ForwaRD MarketS
IsSues iN CanAdian MarkEts
gas HedGinG strateGies anD ElecTrIc MARKets
PRICe And voLume VolatiLITy iN TurbUlEnt MArkets
NEw Resources: When and wHerE to Develop?

You,Ll hEar fROM tOp-lEVeL SpeAkERs rEPResenting companIes that havE bEEn 
There - WilliAMs ENeRgy MarkEting, FPl EnerGY, NYMEX, EnRON, DTE EnErgy, 
Deut
 room at Skamania Lodge as  
soon aspossi ble .?Th ey g o qu ickly.? 

Form oreinformation see belowand o nt he a t ta chmen t.? Or, go t o o ur  w ebs it e  at ww w.e pis.com .? The con fer en ce informati o nis at 
www .ep is.com/Event /20 01_con fe ren c e.htm 

W e loo k forw a rd toseeing yo u. ?  

Reg a rds, 
L e eBarn ey

Forecasting C h al l enges in Elect ricity  M a rk e t s
200 1 Electric  M arket Forecas t in g C onf e rence
Skamani a Lodge, Wa s hin gton?? ?? ??? ? ???? S eptem be r  12 -14, 2001 
[IM AGE]
Toda y,s e l ectrici t y marke ts are  mo rechal l en gi ngto pre d ic t t h anever. 
D is co ver t he k e y s to m ana ging  risk  in volatileene rgym ark ets.
Theconf er encevenueis th ebeautiful Skama niaLodge inthe  s cen ic  Colu m bia 
R ive r G orge--4 5 minut e s E as t o fPortland Internati on a l  A irport,Portla n d,  O regon.?Amin d ex p a nding  set t in g for an  execu t iv e- and pro fe ssiona llev el
exch a ngeof inf ormation  ands trategies conc e rning North A m er i c an ener gy
markets. 
Nav i gati ng T o da y, s  Ener gy Ma rk e ts 
The challenges ofta ming e nergy  markets don ,t begin a n d end in C alif o rn i a. 
Volatility  andrisk are p r esent in  ever y market  region,f o rcing al l par tic ipa n t sto carefullye x amin ethe und erl ying fa cto rsand  ac cu rately 
a ssess th ei rcu rr ent  andf uture ma rk etpo sit ions. 

Forthe 4 th y ea r, EPI S, Inc. ,  d e v elop er  o f th e A UR ORA?elec t ric  market  model, has asse mb le d a sti mulating prog ra m of inter es t t o anyc o mpany ex posed to 
energy market risks.?  Th is ye ar, s agendainc ludesa d e tailed  lookat th e
va r i ous e n e rg y t ra ding regio n s  in  theU. S. a nd Cana da - an exploratio n  of  
market cond iti onsa n dmar k et dyn am i cs. 
This year,s c onferencewi l lfeature th o ugh tf ul exch anges o n:

E l ectricand Gas M arkets -20 01 a n d  Be yond
U.S.Markets:  Crisis i n  theW es t, Em erg ing Is su esin th e East and  ERCO T
Keys  t o U.S.  Elec tr ic and G as Forward Markets
Issu es inCanad ian  MarketsGas Hed ging Stra tegi es and Ele ctr icMarke tsP riceandV ol ume Volat ilit y  in Turbu l en t M a r ke ts
New Reso u r c es:  When  an d  Where  toDevelop?

You,ll hear from top- leve l spe ake r s re pr esenting compa nie st h at havebe en 
there -  William sE nergy  Marke ting,FPL Ene r g y, NYMEX,  ENR ON,  DTE Ener gy,  D eut
 room_at Skamania_Lodge as 
soon as_possible.? They_go_quickly.? 

For_more_information see below_and on the_attachment.? Or, go to_our website 
at_www.epis.com.?_The conference information is at 
www.epis.com/Event/2001_conference.htm

We look forward to seeing you.? 

Regards, 

Lee Barney

Forecasting_Challenges_in Electricity_Markets

2001_Electric_Market Forecasting Conference
Skamania Lodge, Washington????????????_September 12-14, 2001 

[IMAGE]
Today,s electricity_markets are_more challenging to predict than ever. 
Discover the_keys_to managing risk_in volatile energy markets.

The conference venue is the beautiful_Skamania Lodge in the scenic Columbia_
River Gorge--45 minutes_East_of_Portland International Airport, Portland,_
Oregon.? A mind expanding setting for_an executive-and professional level 
exchange of_information and strategies concerning North American energy_
markets. 

Navigating Today,s Energy Markets

The challenges_of taming energy markets don,t_begin and_end in California. 
Volatility and_risk are present_in every_market region, forcing_all 
participants to carefully examine the_underlying factors and_accurately 
assess their current and future_market_positions. 

For the_4th_year,_EPIS, Inc.,_developer of the_AURORA?_electric market_model,_
has assembled a stimulating program of_interest_to any company exposed to 
energy market_risks.? This year,s agenda_includes_a detailed look at_the 
various energy trading regions_in the U.S. and Canada -_an exploration_of 
market_conditions and market dynamics. 

This year,s conference will feature thoughtful exchanges_on:

Electric and Gas Markets - 2001_and Beyond
U.S. Markets: Crisis_in the_West,_Emerging Issues in_the_East and_ERCOT
Keys to U.S. Electric and Gas Forward_Markets
Issues in_Canadian Markets
Gas Hedging Strategies and Electric_Markets
Price and Volume Volatility_in_Turbulent Markets
New Resources: When and Where_to Develop?

You,ll hear from top-level speakers_representing companies that have been_
there_-_Williams Energy Marketing, FPL Energy,_NYMEX, ENRON, DTE Energy, 
Deut