EXHIBIT 99.2


                         Statement of Dr. George Backus

         I am the President and sole employee of Policy Assessment Corporation.
In 1986, together with Systematic Solutions, Inc., I developed an energy market
software program designed to analyze the dynamics of energy deregulation for the
State of Illinois. Over the years, I have been asked to speak, and have
presented to, numerous organizations, trade groups, and governmental entities on
the dynamics of deregulated energy markets. I have been employed by, among
others, several governmental entities to provide consultation on the dynamics of
deregulated energy markets.

         From 1996 to 1998, I made comparable presentations to various energy
councils, regulatory agencies, governmental entities, and trade groups
concerning the impact of deregulation on the Californian and other energy
markets. In 1997, I attempted to team with Perot Systems in an effort to market
my generic simulation program to regulatory bodies, system operators,
governmental agencies, utilities, and energy companies involved in deregulating
energy-markets, worldwide. I made or participated in presentations to certain
companies, including Pacific Gas and Electric, Southern California Edison, San
Diego Gas and Electric, and Enron. None of the presentations contained
confidential information, but rather, were based on published information and
generic principals applicable to deregulated energy markets.

         Although I marketed my simulation consulting services to various
entities, these efforts were all unsuccessful and no software program capable of
performing CA market gaming, or the analysis thereof, was ever developed let
alone provided to any entity. All of my efforts to market together with Perot
Systems were also unsuccessful.

         I was first approached by Enron to provide a presentation to a
gathering of Enron customers following an educational presentation I made in
November 1996 to the Western System Coordinating Council. I made that
presentation in October 1997. Thereafter, I helped to arrange a joint meeting in
Portland with representatives of Perot Systems and representatives of Enron.
That meeting did not take place because weather prevented some participants from
getting to Portland. The meeting was not rescheduled and I never met jointly
with Enron and Perot Systems.

         I have never possessed or divulged any confidential information
concerning the operation of the California energy markets. To my knowledge, no
one at Perot Systems ever divulged any confidential information concerning the
California energy markets. To my knowledge, neither I nor Perot Systems ever
promoted any activities other than publicly known, legal, competitive-market
activities. These efforts did include discussions of academically-accepted and
legal, classical-game-theory considerations.

June 19, 2002


/s/ GEORGE BACKUS
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Dr. George Backus