Special Report- for your review and comments

Dear Steve,
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?
CERA occasionally produces research directed to a particular set of issues,
and seeks client feedback prior to the finalization of certain research
Reports.? As one of our valued clients most directly involved with these
issues, we welcome your comments and candid observations on the attached
report titled "Short Circuit: Will the California Energy Crisis Derail the
State's Economy?".

This report, being produced with the involvement of UCLA's Anderson Forecast
contains interesting and compelling conclusions about the long-term energy
solutions for California and Western North America, and their related
long-term economic effects.

We look forward to your comments and observations, and we strongly request
that no part of this report be reproduced or furnished to the media in any
form.?

Please kindly direct your comments to Mike Zenker in Oakland.
Mike Zenker /Office (510) 874-4375/cell (617) 877-1846/home (925)
274-1866/mzenker@cera.com

Do not hesitate to contact me if you have questions.

Ron Kapavik
(617) 441-2629 or (936) 931-1416
cell (713) 857-3038

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- UCLA_Power.pdf