Attached is the first draft of the MAVI Report, which is to be presented to the Energy Division on May 14th. Please review and forward (e-mail) any comments to Charity Hughes at chughes@enron.com, no later than 2:00 p.m. CDT, Wednesday, May 12th. Also, please feel free to contact Charity directly at 713-853-3027, if you have any questions. Thanks. (See attached file: MAVIDraftReport.doc)